Lowell Arts
EIN: 382226024 · Lowell, MI · NTEE: A26Z
| Metric | Value |
|---|---|
| Total Revenue | $369K |
| Total Expenses | $375K |
| Net Assets | $1.4M |
Is Lowell Arts Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lowell Arts
Lowell Arts (EIN: 382226024) is a nonprofit organization based in Lowell, MI, classified under NTEE code A26Z. The organization reported total revenue of $369K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lowell Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lowell Arts is a small nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $353K |
| Total Expenses | $375K |
| Surplus / Deficit | $-21,667 |
| Total Assets | $1.4M |
| Total Liabilities | $15K |
| Net Assets | $1.4M |
| Operating Margin | -6.1% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 43.7 months |
Financial Health Grade: B
In 2023, Lowell Arts reported a deficit of $22K with expenses exceeding revenue, holds 43.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lowell Arts's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.3% | +10.7% | -2.9% |
| 2022 | -12.4% | -10.2% | +0.3% |
| 2021 | +21.0% | +46.2% | +1.7% |
| 2020 | -2.5% | -14.6% | +5.2% |
| 2019 | -1.2% | +3.2% | +1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lowell Arts 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 Lowell Arts 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 $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.1%.
Frequently Asked Questions about Lowell Arts
Is Lowell Arts a legitimate charity?
Based on AI analysis of IRS 990 filings, Lowell Arts (EIN: 382226024) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lowell Arts spend its money?
Detailed spending breakdown data is not yet available for Lowell Arts. Check back for updated IRS 990 analysis.
Are donations to Lowell Arts tax-deductible?
Lowell Arts is registered as a tax-exempt nonprofit (EIN: 382226024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lowell Arts located?
Lowell Arts is headquartered in Lowell, Michigan and files with the IRS under EIN 382226024. It is classified under NTEE code A26Z.
How many years of IRS 990 filings does Lowell Arts have?
Lowell Arts has 13 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 $369K in total revenue.
Filing History
IRS 990 filing history for Lowell Arts showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lowell Arts's revenue has grown by 78.5%, moving from $198K to $353K. Total assets increased by 1250.2% over the same period, from $101K to $1.4M. Total functional expenses rose by 119.4%, from $171K to $375K. In its most recent filing year (2023), Lowell Arts reported a deficit of $22K, with expenses exceeding revenue. The organization holds $15K in liabilities against $1.4M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $353K | $375K | $1.4M | $15K | — | View 990 |
| 2022 | $333K | $339K | $1.4M | $35K | — | — |
| 2021 | $379K | $377K | $1.4M | $24K | — | View 990 |
| 2020 | $314K | $258K | $1.4M | $32K | — | View 990 |
| 2019 | $322K | $302K | $1.3M | $16K | — | View 990 |
| 2018 | $325K | $293K | $1.3M | $15K | — | View 990 |
| 2017 | $424K | $276K | $1.4M | $137K | — | View 990 |
| 2016 | $715K | $269K | $1.5M | $400K | — | View 990 |
| 2015 | $678K | $234K | $888K | $237K | — | View 990 |
| 2014 | $300K | $207K | $259K | $50K | — | View 990 |
| 2013 | $205K | $212K | $120K | $5K | — | View 990 |
| 2012 | $204K | $184K | $159K | $41K | — | View 990 |
| 2011 | $198K | $171K | $101K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $353K, expenses of $375K, and assets of $1.4M (revenue +6.3% year-over-year).
- 2022: Revenue of $333K, expenses of $339K, and assets of $1.4M (revenue -12.4% year-over-year).
- 2021: Revenue of $379K, expenses of $377K, and assets of $1.4M (revenue +21.0% year-over-year).
- 2020: Revenue of $314K, expenses of $258K, and assets of $1.4M (revenue -2.5% year-over-year).
- 2019: Revenue of $322K, expenses of $302K, and assets of $1.3M (revenue -1.2% year-over-year).
- 2018: Revenue of $325K, expenses of $293K, and assets of $1.3M (revenue -23.3% year-over-year).
- 2017: Revenue of $424K, expenses of $276K, and assets of $1.4M (revenue -40.7% year-over-year).
- 2016: Revenue of $715K, expenses of $269K, and assets of $1.5M (revenue +5.5% year-over-year).
- 2015: Revenue of $678K, expenses of $234K, and assets of $888K (revenue +126.1% year-over-year).
- 2014: Revenue of $300K, expenses of $207K, and assets of $259K (revenue +46.0% year-over-year).
- 2013: Revenue of $205K, expenses of $212K, and assets of $120K (revenue +0.5% year-over-year).
- 2012: Revenue of $204K, expenses of $184K, and assets of $159K (revenue +3.3% year-over-year).
- 2011: Revenue of $198K, expenses of $171K, and assets of $101K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lowell Arts:
Data Sources and Methodology
This transparency report for Lowell Arts 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.