Laurence W Gannon Building Association Inc
501(c)(7)
Only null% goes to programs Thin reserves
Laurence W Gannon Building Association Inc is a 501(c)(7) organization based in Lynn, Massachusetts, registered in 1982, with $360,892 in FY2024 revenue. CharityIndex grades it D.
60 Great Woods Rd, Lynn, MA, 01904 EIN 04-2755167 Since 1982
Revenue (FY2024)
$361K
▲ 11.8% vs prior year
Expenses (FY2024)
$388K
Net assets
-$144K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Laurence W Gannon Building Association Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Laurence W Gannon Building Association Inc: 0 mo reserves · -7% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Laurence W Gannon Building Association Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Laurence W Gannon Building Association Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 60 Great Woods Rd, Lynn, MA, 01904
- City
- Lynn
- State
- Massachusetts
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $1.4M (FY2013) to $361K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $184KNet assets -$144K
Operating margin
-7.5%
Spent more than it raised in the latest fiscal year.
Total assets
$40K
Total liabilities
$184K
Net assets
-$144K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $360,892▲11.8% | $387,945▲10.6% | -$143,921▼23.1% | $40,004▼8.3% | 990 |
| 2023 | $322,819▲4.1% | $350,902▲2.3% | -$116,867▼31.6% | $43,604▼44.3% | 990 |
| 2022 | $310,065▼5.8% | $343,037▲5.2% | -$88,784▼59.1% | $78,275▲4.9% | 990 |
| 2021 | $329,274▲97.3% | $326,225▲34.2% | -$55,812▲5.2% | $74,638▼26.0% | 990 |
| 2020 | $166,918▼33.6% | $243,003▼10.7% | -$58,861▼442% | $100,841▲155% | 990 |
| 2019 | $251,383▲13.0% | $272,250▲10.2% | $17,223▼54.8% | $39,604▼27.3% | 990 |
| 2018 | $222,462▼1.3% | $247,125▼5.7% | $38,092▼39.3% | $54,464▼28.9% | 990 |
| 2017 | $225,485▼8.9% | $262,181▲11.1% | $62,753▼36.9% | $76,643▼33.9% | 990 |
| 2016 | $247,488▼1.0% | $235,937▲8.8% | $99,448▲13.1% | $115,998▲13.6% | 990 |
| 2015 | $249,909▲9.7% | $216,816▼12.2% | $87,897▲60.4% | $102,112▲43.0% | 990 |
| 2014 | $227,744▼83.7% | $247,011▼82.6% | $54,806▼26.0% | $71,410▼26.8% | 990 |
| 2013 | $1,392,986 | $1,422,697▼5.1% | $74,069▼28.6% | $97,617▼22.9% | 990 |
| 2012 | — | $1,499,580▲1.9% | $103,778▲2.8% | $126,634▲1.2% | 990 |
| 2011 | — | $1,471,124▲0.1% | $100,913▼1.8% | $125,176▲4.2% | 990 |
| 2010 | — | $1,469,659 | $102,794 | $120,156 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Laurence W Gannon Building Association Inc a legitimate nonprofit?
- Yes. Laurence W Gannon Building Association Inc is a 501(c)(7) organization registered with the U.S. Internal Revenue Service under EIN 04-2755167, based in Lynn, Massachusetts.
- What is Laurence W Gannon Building Association Inc's EIN?
- Laurence W Gannon Building Association Inc's Employer Identification Number (EIN) is 04-2755167.
- How much revenue does Laurence W Gannon Building Association Inc report?
- Laurence W Gannon Building Association Inc reported $360,892 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Laurence W Gannon Building Association Inc have?
- CharityIndex grades Laurence W Gannon Building Association Inc D, based on financial health (reserves and operating margin).
More nonprofits in Lynn
Explore more
Data for Laurence W Gannon Building Association Inc (EIN 04-2755167) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.