Masonicare Health Center

Analysis

Masonicare Health Center is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in March 1943, 83 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Masonicare Health Center reported income of $56.1m and spending of $60.3m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $61.2m to $56.1m (-8.3%), an average of -2.1% a year. The sharpest change came in the year to September 2021, when income dropped by 15%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Masonicare Health Center sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Iri Innovative Resources for Independence Inc ($56.1m), Share Food Program Inc ($56.2m) and Nysarc Inc ($55.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $306k (0.5% of expenses). Other salaries and wages came to $25.9m. At year end it held assets of $31.6m against liabilities of $8.4m, net assets of $23.1m. It reported 734 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.