Supreme Council Benevolent Foundation

Analysis

Supreme Council Benevolent Foundation is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in December 1955, 71 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 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 July 2023, Supreme Council Benevolent Foundation reported income of $3.7m and spending of $7.1m, spending 193% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $6.7m to $3.7m (-46%), an average of -14% a year. The sharpest change came in the year to July 2021, when income rose by 126%. Over the whole period it spent 167% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Supreme Council Benevolent Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Mario Lemieux Foundation ($3.7m), Indiana Philanthropy Alliance Inc ($3.7m) and One World Childrens Fund ($3.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $365k (5.2% of expenses). Other salaries and wages came to $190k. At year end it held assets of $105.6m against liabilities of $1.5m, net assets of $104.0m. It reported 6 employees.