Lowell Area Historical Association

Analysis

Lowell Area Historical Association is a registered charity in United States, based in Lowell, MI. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lowell Area Historical Association reported income of $168k and spending of $107k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $168k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lowell Area Historical Association sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within MI. Charities of a similar size with the same main cause include Heart of Route 66 Auto Museum Inc ($168k), Historic Colony House Inc ($168k) and Operation Snow Leopard ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $38k (35% of expenses). Other salaries and wages came to $27k. At year end it held assets of $515k against liabilities of $21k, net assets of $494k. It reported 3 employees.