Michigan Masonic Home

Analysis

Michigan Masonic Home is a registered charity in United States, based in Alma, MI. It received its IRS tax-exemption ruling in November 1996, 30 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 March 2023, Michigan Masonic Home reported income of $34.8m and spending of $37.9m, spending 109% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $43.1m to $34.8m (-19%), an average of -5.2% a year. The sharpest change came in the year to March 2023, when income dropped by 19%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Michigan Masonic Home 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 98th percentile within MI. Charities of a similar size with the same main cause include Milestone Inc ($34.8m), Chris 180 Inc ($34.8m) and Mission Pre-Born Inc ($34.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 20% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $343k (0.9% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $60.0m against liabilities of $29.5m, net assets of $30.5m. It reported 435 employees.