Masonic Home Independent Living II Inc

Analysis

Masonic Home Independent Living II Inc is a registered charity in United States, based in Masonic Home, KY. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Masonic Home Independent Living II Inc reported income of $17.3m and spending of $20.3m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.2m to $17.3m (+14%), an average of +3.3% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Masonic Home Independent Living II Inc 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 97th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Covenant Home Services ($17.3m), Harbor Interfaith Services Inc ($17.4m) and Christian Living Communities ($17.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $134.9m against liabilities of $181.1m, net assets of -$46.2m. It reported 166 employees.

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.