Friends of the Lynn Historical Society Inc

Analysis

Friends of the Lynn Historical Society Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of the Lynn Historical Society Inc reported income of $54k and spending of $62k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $31k to $54k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Lynn Historical Society Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include Academy of Our Lady of Peace Foundation Inc ($53k), South Lebanon Elementary PTO ($54k) and Cherry Hill School PTO ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,074 against liabilities of $0, net assets of $1,074.