The Masonic Charity Foundation of Connecticut Inc

Analysis

The Masonic Charity Foundation of Connecticut Inc is a registered charity in United States, based in Willington, CT. It received its IRS tax-exemption ruling in May 1996, 30 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 (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, The Masonic Charity Foundation of Connecticut Inc reported income of $8.7m and spending of $2.5m, leaving 71% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $9.2m to $8.7m (-5.3%), an average of -1.3% a year. The sharpest change came in the year to September 2021, when income rose by 45%. Over the whole period it spent 22% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Masonic Charity Foundation of Connecticut Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include South Texas Family Planning & Health Corporation ($8.7m), University of Maryland Eye Association Pa ($8.7m) and Heartland Regional Alcohol & Drug Assessment Center Inc ($8.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% of the total. Compensation of current officers, directors and key employees was $272k (11% of expenses). Other salaries and wages came to $86k. At year end it held assets of $182.7m against liabilities of $2.5m, net assets of $180.3m. It reported 3 employees.