United Masonic Board for de Molay in Wisconsin Inc

Analysis

United Masonic Board for de Molay in Wisconsin Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in July 1976, 50 years ago. 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, United Masonic Board for de Molay in Wisconsin Inc reported income of $83k and spending of $105k, spending 127% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $107k to $83k (-23%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Masonic Board for de Molay in Wisconsin Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within WI. Charities of a similar size with the same main cause include Little League Baseball Inc ($83k), Quarterback Club of Dupo ($83k) and Cherry Creek School District Parent Teacher Community Council Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.

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.