Lowell School Inc

Analysis

Lowell School Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Lowell School Inc reported income of $17.9m and spending of $18.7m, spending 105% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $16.1m to $17.9m (+11%), an average of +2.6% a year. The sharpest change came in the year to August 2022, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lowell School Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 92nd percentile within DC. Charities of a similar size with the same main cause include Guilford County Partnership for Children Inc ($17.9m), Capitol Technology University ($17.9m) and Momentum Academy ($17.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $575k (3.1% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $41.3m against liabilities of $26.4m, net assets of $14.9m. It reported 235 employees.