Lynn Shelter Association Inc

Analysis

Lynn Shelter Association Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in March 1986, 40 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, Lynn Shelter Association Inc reported income of $6.3m and spending of $6.0m, spending 96% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $5.2m to $6.3m (+21%), an average of +6.6% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lynn Shelter Association Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Friends Rehabilitation Program Inc ($6.3m), Barnabas Center Incorporated ($6.3m) and Fair Share Housing Development Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $205k (3.4% of expenses). Other salaries and wages came to $2.4m. It paid $136k in professional fundraising fees. At year end it held assets of $9.9m against liabilities of $6.5m, net assets of $3.4m. It reported 100 employees.