The Masonic Charitable Foundation of the Grand Lodge of Maine

Analysis

The Masonic Charitable Foundation of the Grand Lodge of Maine is a registered charity in United States, based in Holden, ME. It received its IRS tax-exemption ruling in November 2006, 20 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 March 2023, The Masonic Charitable Foundation of the Grand Lodge of Maine reported income of $465k and spending of $1.6m, spending 352% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $3.4m to $465k (-87%), an average of -39% a year. The sharpest change came in the year to March 2023, when income dropped by 77%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Masonic Charitable Foundation of the Grand Lodge of Maine sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within ME. Charities of a similar size with the same main cause include Fraternal Order of Police Lodge 5 Charitable Foundation ($464k), Oregon Chinese Coalition ($465k) and Womens Club of Sugarloaf Country Club Charities Inc ($464k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 39% of the total. Compensation of current officers, directors and key employees was $130k (8.0% of expenses). Other salaries and wages came to $34k. At year end it held assets of $31.2m against liabilities of $1.7m, net assets of $29.5m. It reported 1 employees.