Mason Tenders Training Fund

Analysis

Mason Tenders Training Fund is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mason Tenders Training Fund reported income of $2.5m and spending of $8.4m, spending 335% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.8m to $2.5m (-57%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 205% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mason Tenders Training Fund sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Paradigm School System Inc ($2.5m), Ellis Center for Educational Excellence ($2.5m) and Odyssey-A Community of Integral Learning Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $665k (8.0% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $28.4m against liabilities of $667k, net assets of $27.7m. It reported 34 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.