Boys & Girls Club of Lynn

Analysis

Boys & Girls Club of Lynn is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in September 1970, 56 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Boys & Girls Club of Lynn reported income of $3.4m and spending of $3.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $3.4m (-8.3%), an average of -2.1% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 77% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boys & Girls Club of Lynn sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Silver Lining Mentoring Inc ($3.4m), Alliance for Community Empowerment ($3.5m) and Police Athletic League of Philadelphia ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $199k (5.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $9.6m against liabilities of $547k, net assets of $9.0m. It reported 89 employees.