St Mary Senior Life Foundation of Lynn Incorporated

Analysis

St Mary Senior Life Foundation of Lynn Incorporated is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in April 2008, 18 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, St Mary Senior Life Foundation of Lynn Incorporated reported income of $200k and spending of $91k, leaving 55% of income unspent that year. The sharpest change came in the year to December 2021, when income rose by 204%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Mary Senior Life Foundation of Lynn Incorporated sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Berkeley County Backpack Program Inc ($200k), Clinchfield Senior Adult Center for Erwin and Unicoi County Inc ($200k) and Community Learning Connections Inc ($200k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 70% of the total. At year end it held assets of $1.6m against liabilities of $755k, net assets of $845k.