Lowell Whiteman School

Analysis

Lowell Whiteman School is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in February 1958, 68 years ago. 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 June 2023, Lowell Whiteman School reported income of $7.2m and spending of $6.3m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $7.2m (+136%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lowell Whiteman School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Sierra Mental Wellness Group ($7.2m), Mid-Delta Health Systems Inc ($7.2m) and Royer Greaves School for Blind ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $189k (3.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $19.7m against liabilities of $8.6m, net assets of $11.1m. It reported 61 employees.