Lynn House of Potomac Valley Inc

Analysis

Lynn House of Potomac Valley Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in May 1965, 61 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lynn House of Potomac Valley Inc reported income of $2.4m and spending of $2.8m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.4m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lynn House of Potomac Valley Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include YMCA Camp Mohawk Inc ($2.4m), National Crime Prevention Council Inc ($2.4m) and Colorado Springs Community Cultural Collective at the City Auditorium ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $100k (3.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.6m against liabilities of $89k, net assets of $5.5m. It reported 51 employees.