Lowell Makes

Analysis

Lowell Makes is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in June 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lowell Makes reported income of $395k and spending of $334k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $347k to $395k (+14%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 78% 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 Makes sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Latino Music Education Network ($395k), Psychometric Society Educational Testing Service ($395k) and Wisconsin Agricultural Education Center Inc ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 11% of the total. At year end it held assets of $2.1m against liabilities of $1.7m, net assets of $426k.