Masonicare at Home Inc

Analysis

Masonicare at Home Inc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in November 2006, 20 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 Home Inc reported income of $5.1m and spending of $4.9m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $6.6m to $5.1m (-23%), an average of -6.5% a year. The sharpest change came in the year to September 2022, when income dropped by 30%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Masonicare at Home Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Harlan County Community Action Agency Inc ($5.1m), Project Insight Inc ($5.1m) and Community Action Inc ($5.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $155k (3.2% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $592k against liabilities of $193k, net assets of $399k. It reported 156 employees.