Masonic Brotherhood Foundation Inc

Analysis

Masonic Brotherhood Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1973, 53 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable 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 May 2023, Masonic Brotherhood Foundation Inc reported income of $1.6m and spending of $838k, leaving 48% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.5m to $1.6m (+9.3%), an average of +2.3% a year. The sharpest change came in the year to May 2022, when income rose by 48%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Masonic Brotherhood Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Central Manor Apartments Inc ($1.6m), Phi Mu Foundation ($1.6m) and South Carolina Sheriffs Association ($1.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $17.9m against liabilities of $438k, net assets of $17.5m.