Trustees of the Masonic Hall and Asylum Fund

Analysis

Trustees of the Masonic Hall and Asylum Fund is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in July 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 December 2023, Trustees of the Masonic Hall and Asylum Fund reported income of $39.2m and spending of $60.5m, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $60.6m to $39.2m (-35%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Trustees of the Masonic Hall and Asylum Fund sits at the 99th 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 97th percentile within NY. Charities of a similar size with the same main cause include River Bend Food Reservoir ($39.1m), Social Finance Inc ($39.2m) and Misericordia Foundation ($39.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $572k (0.9% of expenses). Other salaries and wages came to $27.1m. At year end it held assets of $347.5m against liabilities of $65.1m, net assets of $282.3m. It reported 1,034 employees.