Lynn Community Health Inc

Analysis

Lynn Community Health Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in November 1976, 50 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lynn Community Health Inc reported income of $104.3m and spending of $88.3m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $82.5m to $104.3m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lynn Community Health Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Community Action Partnership of San Luis Obispo County Inc ($104.1m), The Chicago School - California Inc ($104.3m) and Fedcap Rehabilitation Services Inc ($103.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $1.8m (2.1% of expenses). Other salaries and wages came to $47.9m. At year end it held assets of $73.6m against liabilities of $18.1m, net assets of $55.5m. It reported 797 employees.