Family & Childrens Service of Greater Lynn Inc

Analysis

Family & Childrens Service of Greater Lynn Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in March 1961, 65 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Family & Childrens Service of Greater Lynn Inc reported income of $1.9m and spending of $1.7m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $1.9m (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family & Childrens Service of Greater Lynn Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Raje-Usa Inc ($1.9m), Tri-Support Services Inc ($1.9m) and Newark Day Nursery Assoc Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $135k (7.9% of expenses). Other salaries and wages came to $934k. At year end it held assets of $8.4m against liabilities of $107k, net assets of $8.3m. It reported 79 employees.