Lynn Arts Inc

Analysis

Lynn Arts Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Lynn Arts Inc reported income of $675k and spending of $216k, leaving 68% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $137k to $675k (+394%), an average of +38% a year. The sharpest change came in the year to June 2024, when income rose by 378%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lynn Arts Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Pennsylvania Society ($675k), Special Gifts Theatre Inc ($675k) and Brookline Arts Center Inc ($675k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 25% of the total. At year end it held assets of $1.2m against liabilities of $184k, net assets of $1.0m.