Rhode Island Masonic Youth Foundation Inc

Analysis

Rhode Island Masonic Youth Foundation Inc is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in March 1966, 60 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rhode Island Masonic Youth Foundation Inc reported income of $352k and spending of $335k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $397k to $352k (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rhode Island Masonic Youth Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within RI. Charities of a similar size with the same main cause include United Way of Athens and Limestone County Inc ($352k), Pequannock Township High School Association of Music Parents ($352k) and Twin City Ballet Company ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $25k (7.5% of expenses). Other salaries and wages came to $111k. At year end it held assets of $2.0m against liabilities of $669, net assets of $2.0m. It reported 33 employees.