Masonic Charity Foundation of New Jersey

Analysis

Masonic Charity Foundation of New Jersey is a registered charity in United States, based in Burlington TWP, NJ. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Masonic Charity Foundation of New Jersey reported income of $38.0m and spending of $46.4m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $37.5m to $38.0m (+1.2%), an average of +0.3% a year. Over the whole period it spent 119% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Masonic Charity Foundation of New Jersey sits at the 98th 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 99th percentile within NJ. Charities of a similar size with the same main cause include United Way of Connecticut ($37.8m), Greater Hartford Community Foundation Inc ($38.2m) and Santa Barbara Foundation ($37.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $326k (0.7% of expenses). Other salaries and wages came to $17.1m. At year end it held assets of $139.1m against liabilities of $96.5m, net assets of $42.6m. It reported 518 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.