Affordable Housing Associates of Lynn Inc

Analysis

Affordable Housing Associates of Lynn Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Affordable Housing Associates of Lynn Inc reported income of $612k and spending of $119k, leaving 81% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $15k to $612k (+3913%), an average of +152% a year. The sharpest change came in the year to June 2020, when income dropped by 1336%. Over the whole period it spent 61% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Associates of Lynn Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include G I S Housing V Inc ($612k), Defiance Senior Citizens Housing Inc ($612k) and Orion Area Not-For-Profit Housing Corp ($612k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 131% of the total. Other salaries and wages came to $90k. At year end it held assets of $4.3m against liabilities of $1.8m, net assets of $2.5m. It reported 1 employees.