Lowell Alumni Association

Analysis

Lowell Alumni Association is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in December 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Lowell Alumni Association reported income of $1.4m and spending of $704k, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.4m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2020, when income dropped by 48%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lowell Alumni Association sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Sparta Academy ($1.4m), Diamond Street Early Childhood Cent Er ($1.4m) and Chesterton Academy of Milwaukee Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $76k (11% of expenses). Other salaries and wages came to $53k. At year end it held assets of $7.6m against liabilities of $251k, net assets of $7.3m. It reported 1 employees.