Masonicare Home Health and Hospice Inc

Analysis

Masonicare Home Health and Hospice Inc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Home Health and Hospice Inc reported income of $38.3m and spending of $38.5m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $50.9m to $38.3m (-25%), an average of -6.9% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Masonicare Home Health and Hospice Inc sits at the 92nd percentile: it is larger than about 92% 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 Mercy Medical Center-Newton ($38.2m), Columbia University Health Care Inc ($38.4m) and Odyssey House Inc ($38.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $219k (0.6% of expenses). Other salaries and wages came to $18.3m. At year end it held assets of $6.0m against liabilities of $4.2m, net assets of $1.9m. It reported 485 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.