Ohio Masonic Home Benevolent Endowment Foundation Inc

Analysis

Ohio Masonic Home Benevolent Endowment Foundation Inc is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ohio Masonic Home Benevolent Endowment Foundation Inc reported income of $6.2m and spending of $2.3m, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.6m to $6.2m (-35%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 257%. Over the whole period it spent 15% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ohio Masonic Home Benevolent Endowment Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Wisconsin Regional Training Partnership Inc ($6.2m), Community Foundation of Burke County ($6.2m) and Able South Carolina ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. Other salaries and wages came to $466k. At year end it held assets of $229.1m against liabilities of $228k, net assets of $228.9m. It reported 7 employees.