Lynn Shelter Association Inc
Lynn Shelter Association: Strong Program Spending, but Transparency Gaps Remain
EIN: 222603594 · Lynn, MA · NTEE: L41Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $7.3M |
| Total Expenses | $6.0M |
| Program Spending | 88% |
| Net Assets | $3.4M |
| Transparency Score | 85/100 |
Is Lynn Shelter Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lynn Shelter Association Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lynn Shelter Association Inc
Lynn Shelter Association Inc (EIN: 222603594) is a nonprofit organization based in Lynn, MA, classified under NTEE code L41Z. The organization reported total revenue of $7.3M and total assets of $10.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lynn Shelter Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lynn Shelter Association Inc is a mid-size nonprofit that has been operating for 40 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $6.0M |
| Surplus / Deficit | +$266K |
| Total Assets | $9.9M |
| Total Liabilities | $6.5M |
| Net Assets | $3.4M |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 65.4% |
| Months of Reserves | 19.8 months |
Financial Health Grade: A
In 2023, Lynn Shelter Association Inc reported a surplus of $266K with revenue exceeding expenses, holds 19.8 months of operating reserves (strong position), has a debt-to-asset ratio of 65.4% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Lynn Shelter Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.8% | +7.3% | +168.1% |
| 2022 | +0.6% | -0.1% | +3.3% |
| 2021 | +24.0% | +15.7% | +65.2% |
| 2019 | +6.2% | +1.2% | +41.3% |
| 2018 | +3.9% | +6.4% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lynn Shelter Association Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Lynn Shelter Association Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $266K, with revenue exceeding expenses.
- Debt-to-asset ratio: 65.4%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lynn Shelter Association Inc's IRS 990 filings:
- Lack of specific executive compensation details in provided data.
- Limited information on board governance beyond basic financial filings.
Strengths
The following positive indicators were identified for Lynn Shelter Association Inc:
- Consistently high percentage of spending on programs (88% in 2023).
- Significant growth in assets from $1,537,077 in 2018 to $9,940,798 in 2023.
- Stable revenue streams over several years, indicating consistent support.
Frequently Asked Questions about Lynn Shelter Association Inc
Is Lynn Shelter Association Inc a legitimate charity?
Lynn Shelter Association Inc (EIN: 222603594) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $7.3M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Lynn Shelter Association Inc spend its money?
Lynn Shelter Association Inc directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lynn Shelter Association Inc tax-deductible?
Lynn Shelter Association Inc is registered as a tax-exempt nonprofit (EIN: 222603594). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lynn Shelter Association Inc's spending goes to programs?
Lynn Shelter Association Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lynn Shelter Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lynn Shelter Association Inc is above average for NTEE category L41Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lynn Shelter Association Inc located?
Lynn Shelter Association Inc is headquartered in Lynn, Massachusetts and files with the IRS under EIN 222603594. It is classified under NTEE code L41Z.
How many years of IRS 990 filings does Lynn Shelter Association Inc have?
Lynn Shelter Association Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.3M in total revenue.
What does Lynn Shelter Association Inc do?
Lynn Shelter Association Inc is a nonprofit organization in the Housing & Shelter sector, located in Lynn, Massachusetts. It is classified under NTEE code L41Z.
How much revenue does Lynn Shelter Association Inc have?
Lynn Shelter Association Inc reported total revenue of $7,323,964. Based on 12 IRS 990 filings on record.
What are Lynn Shelter Association Inc's total assets?
Lynn Shelter Association Inc holds total assets of $10,087,848 as reported in IRS 990 filings.
Where is Lynn Shelter Association Inc located?
Lynn Shelter Association Inc is based in Lynn, Massachusetts.
What is Lynn Shelter Association Inc's EIN?
Lynn Shelter Association Inc's Employer Identification Number (EIN) is 222603594. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lynn Shelter Association Inc?
Lynn Shelter Association Inc is classified under NTEE code L41Z (Housing & Shelter).
Is Lynn Shelter Association Inc a registered 501(c)(3)?
Yes, Lynn Shelter Association Inc is recognized as a tax-exempt organization by the IRS. EIN: 222603594.
Does Lynn Shelter Association Inc file IRS Form 990?
Yes, Lynn Shelter Association Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Lynn Shelter Association Inc's revenue in 2023?
In the 202306 filing period, Lynn Shelter Association Inc reported total revenue of $6,291,533, total expenses of $6,025,890, and net assets of $9,940,798.
Is Lynn Shelter Association Inc's revenue growing or declining?
Lynn Shelter Association Inc's revenue is relatively stable. Revenue went from $6,474,918 (202206) to $6,291,533 (202306), a -2.8% change. Based on 12 filings on record.
What is Lynn Shelter Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Lynn Shelter Association Inc covers tax period 202306. It shows revenue of $6,291,533, expenses of $6,025,890, total assets of $9,940,798, and liabilities of $6,496,997.
How much does Lynn Shelter Association Inc spend on programs vs administration?
Based on IRS 990 analysis, Lynn Shelter Association Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Lynn Shelter Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Lynn Shelter Association Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Lynn Shelter Association Inc?
The following concerns were identified: Lack of specific executive compensation details in provided data.. Limited information on board governance beyond basic financial filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Lynn Shelter Association Inc's strengths?
Positive indicators for Lynn Shelter Association Inc include: Consistently high percentage of spending on programs (88% in 2023).. Significant growth in assets from $1,537,077 in 2018 to $9,940,798 in 2023.. Stable revenue streams over several years, indicating consistent support.. These findings are derived from AI analysis of the organization's financial filings.
How does Lynn Shelter Association Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Lynn Shelter Association Inc?
• Detailed program descriptions are available, outlining services for homelessness. • Financial statements are accessible, showing revenue and expense trends. • Information on board member attendance or specific donor policies is not readily available. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has the organization managed to significantly increase its assets from $1.5M to nearly $10M in five years while maintaining a high program spending ratio?
The substantial increase in assets from $1,537,077 in 2018 to $9,940,798 in 2023, alongside consistent program spending, suggests effective asset management, potentially through capital campaigns, grants for property acquisition, or significant unrestricted donations that have been invested or held for future projects.
Filing History
IRS 990 filing history for Lynn Shelter Association Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Lynn Shelter Association Inc's revenue has grown by 161.6%, moving from $2.4M to $6.3M. Total assets increased by 1791.5% over the same period, from $526K to $9.9M. Total functional expenses rose by 147%, from $2.4M to $6.0M. In its most recent filing year (2023), Lynn Shelter Association Inc reported a surplus of $266K, with revenue exceeding expenses. The organization holds $6.5M in liabilities against $9.9M in assets (debt-to-asset ratio: 65.4%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $6.0M | $9.9M | $6.5M | — | View 990 |
| 2022 | $6.5M | $5.6M | $3.7M | $542K | — | View 990 |
| 2021 | $6.4M | $5.6M | $3.6M | $1.3M | — | View 990 |
| 2019 | $5.2M | $4.9M | $2.2M | $859K | — | View 990 |
| 2018 | $4.9M | $4.8M | $1.5M | $571K | — | View 990 |
| 2017 | $4.7M | $4.5M | $1.5M | $616K | — | View 990 |
| 2016 | $4.7M | $4.4M | $1.2M | $580K | — | View 990 |
| 2015 | $3.3M | $3.2M | $791K | $542K | — | View 990 |
| 2014 | $2.7M | $2.7M | $654K | $523K | — | View 990 |
| 2013 | $2.6M | $2.5M | $687K | $639K | — | View 990 |
| 2012 | $2.3M | $2.2M | $592K | $570K | — | View 990 |
| 2011 | $2.4M | $2.4M | $526K | $589K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $6.0M, and assets of $9.9M (revenue -2.8% year-over-year).
- 2022: Revenue of $6.5M, expenses of $5.6M, and assets of $3.7M (revenue +0.6% year-over-year).
- 2021: Revenue of $6.4M, expenses of $5.6M, and assets of $3.6M (revenue +24.0% year-over-year).
- 2019: Revenue of $5.2M, expenses of $4.9M, and assets of $2.2M (revenue +6.2% year-over-year).
- 2018: Revenue of $4.9M, expenses of $4.8M, and assets of $1.5M (revenue +3.9% year-over-year).
- 2017: Revenue of $4.7M, expenses of $4.5M, and assets of $1.5M (revenue -0.8% year-over-year).
- 2016: Revenue of $4.7M, expenses of $4.4M, and assets of $1.2M (revenue +42.5% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.2M, and assets of $791K (revenue +21.5% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.7M, and assets of $654K (revenue +7.2% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.5M, and assets of $687K (revenue +13.1% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.2M, and assets of $592K (revenue -6.2% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.4M, and assets of $526K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lynn Shelter Association Inc:
Data Sources and Methodology
This transparency report for Lynn Shelter Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.