Masonic Health System of Massachusetts Inc

Analysis

Masonic Health System of Massachusetts Inc is a registered charity in United States, based in Charlton, MA. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Masonic Health System of Massachusetts Inc reported income of $124k and spending of $114k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $124k (+9.4%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 16% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Masonic Health System of Massachusetts Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Coupeville Schools Foundation ($124k), Kaw Charity ($124k) and East Idaho Credit Union Charitable Foundation Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. Other salaries and wages came to $102k. At year end it held assets of $18.8m against liabilities of $77.7m, net assets of -$58.9m.