Masonic Education and Charity Trust

Analysis

Masonic Education and Charity Trust is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1934, 92 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 August 2023, Masonic Education and Charity Trust reported income of $1.1m and spending of $2.1m, spending 194% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $239k to $1.1m (+359%), an average of +46% a year. The sharpest change came in the year to August 2020, when income rose by 828%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Masonic Education and Charity Trust sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Smithfield Va Events ($1.1m), Kisco Foundation Inc ($1.1m) and Fulton Montgomery and Schoharie Counties Private Industry Council ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 64% of the total. Other salaries and wages came to $472k. At year end it held assets of $83.7m against liabilities of $47.4m, net assets of $36.2m.