International Masonry Training and Education Foundation

Analysis

International Masonry Training and Education Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, International Masonry Training and Education Foundation reported income of $24.6m and spending of $24.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $25.5m to $24.6m (-3.4%), an average of -0.9% a year. The sharpest change came in the year to December 2020, when income dropped by 15%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, International Masonry Training and Education Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 94th percentile within DC. Charities of a similar size with the same main cause include Hardy Williams Academy Charter School ($24.6m), New Meridian Corporation ($24.6m) and Alaska Pacific University ($24.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $11.5m. At year end it held assets of $47.8m against liabilities of $10.2m, net assets of $37.6m. It reported 180 employees.