Masonicare at Ashlar Village Inc

Analysis

Masonicare at Ashlar Village Inc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in July 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Masonicare at Ashlar Village Inc reported income of $31.9m and spending of $27.0m, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $29.5m to $31.9m (+8.1%), an average of +2.0% a year. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Masonicare at Ashlar Village Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include University Retirement Community at Davis Inc ($31.9m), Encompass Community Services ($31.9m) and Welty Home for the Aged Inc ($31.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $318k (1.2% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $123.2m against liabilities of $66.5m, net assets of $56.7m. It reported 303 employees.