Lowell House Inc
EIN: 237110106 · Lowell, MA · NTEE: F220
| Metric | Value |
|---|---|
| Total Revenue | $14.5M |
| Total Expenses | $9.3M |
| Net Assets | $4.4M |
Is Lowell House Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lowell House Inc
Lowell House Inc (EIN: 237110106) is a nonprofit organization based in Lowell, MA, classified under NTEE code F220. The organization reported total revenue of $14.5M and total assets of $8.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lowell House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lowell House Inc is a large nonprofit that has been operating for 55 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.5M |
| Total Expenses | $9.3M |
| Surplus / Deficit | $-778,773 |
| Total Assets | $8.2M |
| Total Liabilities | $3.8M |
| Net Assets | $4.4M |
| Operating Margin | -9.1% |
| Debt-to-Asset Ratio | 46.3% |
| Months of Reserves | 10.5 months |
Financial Health Grade: B
In 2023, Lowell House Inc reported a deficit of $779K with expenses exceeding revenue, holds 10.5 months of operating reserves (strong position), has a debt-to-asset ratio of 46.3% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Lowell House Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.6% | +33.1% | +51.4% |
| 2022 | +31.8% | +14.9% | +7.7% |
| 2021 | -5.9% | +5.9% | -2.4% |
| 2020 | +33.2% | +37.7% | +12.5% |
| 2019 | +2.4% | +12.0% | +79.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lowell House 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 Lowell House 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 $779K, with expenses exceeding revenue.
- Debt-to-asset ratio: 46.3%.
Frequently Asked Questions about Lowell House Inc
Is Lowell House Inc a legitimate charity?
Lowell House Inc (EIN: 237110106) is a registered tax-exempt nonprofit based in Massachusetts. It has 12 years of IRS 990 filings on record. Total revenue: $14.5M. No red flags identified. Financial health grade: B.
How does Lowell House Inc spend its money?
Lowell House Inc reported $14.5M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lowell House Inc tax-deductible?
Lowell House Inc is registered as a tax-exempt nonprofit (EIN: 237110106). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lowell House Inc located?
Lowell House Inc is headquartered in Lowell, Massachusetts and files with the IRS under EIN 237110106. It is classified under NTEE code F220.
How many years of IRS 990 filings does Lowell House Inc have?
Lowell House Inc has 12 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 $14.5M in total revenue.
Filing History
IRS 990 filing history for Lowell House Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Lowell House Inc's revenue has grown by 247%, moving from $2.5M to $8.5M. Total assets increased by 558.7% over the same period, from $1.2M to $8.2M. Total functional expenses rose by 315.6%, from $2.2M to $9.3M. In its most recent filing year (2023), Lowell House Inc reported a deficit of $779K, with expenses exceeding revenue. The organization holds $3.8M in liabilities against $8.2M in assets (debt-to-asset ratio: 46.3%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.5M | $9.3M | $8.2M | $3.8M | — | — |
| 2022 | $7.8M | $7.0M | $5.4M | $1.9M | — | View 990 |
| 2021 | $5.9M | $6.1M | $5.0M | $2.4M | — | View 990 |
| 2020 | $6.3M | $5.7M | $5.1M | $2.4M | — | View 990 |
| 2019 | $4.7M | $4.2M | $4.6M | $2.3M | — | View 990 |
| 2018 | $4.6M | $3.7M | $2.5M | $815K | — | View 990 |
| 2017 | $3.8M | $3.5M | $1.9M | $1.1M | — | View 990 |
| 2016 | $3.2M | $3.2M | $1.5M | $957K | — | View 990 |
| 2015 | $2.8M | $2.8M | $1.4M | $908K | — | View 990 |
| 2014 | $2.4M | $2.5M | $1.3M | $873K | — | View 990 |
| 2013 | $2.4M | $2.3M | $1.4M | $855K | — | View 990 |
| 2012 | $2.5M | $2.2M | $1.2M | $866K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.5M, expenses of $9.3M, and assets of $8.2M (revenue +9.6% year-over-year).
- 2022: Revenue of $7.8M, expenses of $7.0M, and assets of $5.4M (revenue +31.8% year-over-year).
- 2021: Revenue of $5.9M, expenses of $6.1M, and assets of $5.0M (revenue -5.9% year-over-year).
- 2020: Revenue of $6.3M, expenses of $5.7M, and assets of $5.1M (revenue +33.2% year-over-year).
- 2019: Revenue of $4.7M, expenses of $4.2M, and assets of $4.6M (revenue +2.4% year-over-year).
- 2018: Revenue of $4.6M, expenses of $3.7M, and assets of $2.5M (revenue +20.1% year-over-year).
- 2017: Revenue of $3.8M, expenses of $3.5M, and assets of $1.9M (revenue +18.3% year-over-year).
- 2016: Revenue of $3.2M, expenses of $3.2M, and assets of $1.5M (revenue +15.8% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.8M, and assets of $1.4M (revenue +15.8% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.5M, and assets of $1.3M (revenue -0.9% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.3M, and assets of $1.4M (revenue -0.8% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.2M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lowell House Inc:
Data Sources and Methodology
This transparency report for Lowell House 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.