Lynn Crest Senior Housing Association

Analysis

Lynn Crest Senior Housing Association is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Crest Senior Housing Association reported income of $563k and spending of $444k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $336k to $563k (+68%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lynn Crest Senior Housing Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include National Agricultural Aviation Research and Education Foundation ($563k), Community Outpatient Health Service ($563k) and Springfield Urban League ($563k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. Other salaries and wages came to $81k. At year end it held assets of $1.5m against liabilities of $37k, net assets of $1.5m.