Independent University Alumni Association At Lowell Inc
EIN: 42052723 · Lowell, MA · NTEE: Z99
| Metric | Value |
|---|---|
| Total Revenue | $285K |
| Total Expenses | $329K |
| Net Assets | $9.1M |
Is Independent University Alumni Association At Lowell Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Independent University Alumni Association At Lowell Inc
Independent University Alumni Association At Lowell Inc (EIN: 42052723) is a nonprofit organization based in Lowell, MA, classified under NTEE code Z99. The organization reported total revenue of $285K and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent University Alumni Association At Lowell Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent University Alumni Association At Lowell Inc is a small nonprofit that has been operating for 74 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $284K |
| Total Expenses | $329K |
| Surplus / Deficit | $-44,432 |
| Total Assets | $9.1M |
| Total Liabilities | $17K |
| Net Assets | $9.1M |
| Operating Margin | -15.6% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 333.1 months |
Financial Health Grade: B
In 2023, Independent University Alumni Association At Lowell Inc reported a deficit of $44K with expenses exceeding revenue, holds 333.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Independent University Alumni Association At Lowell Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -88.7% | -89.7% | +4.0% |
| 2022 | +455.7% | +897.8% | -24.3% |
| 2021 | +1.5% | +3.3% | +27.2% |
| 2020 | -24.4% | -16.4% | +9.7% |
| 2016 | +66.3% | +24.5% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1952 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Independent University Alumni Association At Lowell Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Independent University Alumni Association At Lowell Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Independent University Alumni Association At Lowell Inc
Is Independent University Alumni Association At Lowell Inc a legitimate charity?
Independent University Alumni Association At Lowell Inc (EIN: 42052723) is a registered tax-exempt nonprofit based in Massachusetts. It has 9 years of IRS 990 filings on record. Total revenue: $285K. No red flags identified. Financial health grade: B.
How does Independent University Alumni Association At Lowell Inc spend its money?
Independent University Alumni Association At Lowell Inc reported $285K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Independent University Alumni Association At Lowell Inc tax-deductible?
Independent University Alumni Association At Lowell Inc is registered as a tax-exempt nonprofit (EIN: 42052723). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Independent University Alumni Association At Lowell Inc located?
Independent University Alumni Association At Lowell Inc is headquartered in Lowell, Massachusetts and files with the IRS under EIN 42052723. It is classified under NTEE code Z99.
How many years of IRS 990 filings does Independent University Alumni Association At Lowell Inc have?
Independent University Alumni Association At Lowell Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $285K in total revenue.
Filing History
IRS 990 filing history for Independent University Alumni Association At Lowell Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Independent University Alumni Association At Lowell Inc's revenue has declined by 18.4%, moving from $348K to $284K. Total assets increased by 53.3% over the same period, from $5.9M to $9.1M. Total functional expenses rose by 34.1%, from $245K to $329K. In its most recent filing year (2023), Independent University Alumni Association At Lowell Inc reported a deficit of $44K, with expenses exceeding revenue. The organization holds $17K in liabilities against $9.1M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $9.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $284K | $329K | $9.1M | $17K | — | View 990 |
| 2022 | $2.5M | $3.2M | $8.8M | $47K | — | View 990 |
| 2021 | $452K | $319K | $11.6M | $7K | — | — |
| 2020 | $445K | $309K | $9.1M | $7K | — | — |
| 2016 | $589K | $370K | $8.3M | $13K | — | View 990 |
| 2015 | $354K | $297K | $7.9M | $14K | — | View 990 |
| 2014 | $332K | $274K | $8.3M | $12K | — | View 990 |
| 2013 | $308K | $239K | $6.7M | $12K | — | View 990 |
| 2012 | $348K | $245K | $5.9M | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $284K, expenses of $329K, and assets of $9.1M (revenue -88.7% year-over-year).
- 2022: Revenue of $2.5M, expenses of $3.2M, and assets of $8.8M (revenue +455.7% year-over-year).
- 2021: Revenue of $452K, expenses of $319K, and assets of $11.6M (revenue +1.5% year-over-year).
- 2020: Revenue of $445K, expenses of $309K, and assets of $9.1M (revenue -24.4% year-over-year).
- 2016: Revenue of $589K, expenses of $370K, and assets of $8.3M (revenue +66.3% year-over-year).
- 2015: Revenue of $354K, expenses of $297K, and assets of $7.9M (revenue +6.7% year-over-year).
- 2014: Revenue of $332K, expenses of $274K, and assets of $8.3M (revenue +7.8% year-over-year).
- 2013: Revenue of $308K, expenses of $239K, and assets of $6.7M (revenue -11.6% year-over-year).
- 2012: Revenue of $348K, expenses of $245K, and assets of $5.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent University Alumni Association At Lowell Inc:
Data Sources and Methodology
This transparency report for Independent University Alumni Association At Lowell Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.