University of Massachusetts Lowell Applied Research Corporation

Analysis

University of Massachusetts Lowell Applied Research Corporation is a registered charity in United States, based in Lincoln, MA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Massachusetts Lowell Applied Research Corporation reported income of $2.5m and spending of $2.0m, leaving 21% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $2.2m to $2.5m (+14%), an average of +14% a year. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Massachusetts Lowell Applied Research Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Montfort Academy ($2.5m), Greenfield Center School Inc ($2.5m) and National Partnership for Juvenile Services Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $10.9m against liabilities of $8.7m, net assets of $2.2m.