Masonic Retirement Village of Taylor Mill Inc

Analysis

Masonic Retirement Village of Taylor Mill Inc is a registered charity in United States, based in Masonic Home, KY. It received its IRS tax-exemption ruling in July 2002, 24 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 Retirement Village of Taylor Mill Inc reported income of $414k and spending of $1.3m, spending 314% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $302k to $414k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 291% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Masonic Retirement Village of Taylor Mill Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within KY. Charities of a similar size with the same main cause include Pocono Area Transitional Housing Inc ($414k), Kalamazoo Collective Housing ($414k) and Inver Grove Heights Good Samaritan Housing Inc ($414k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $34k. At year end it held assets of $8.7m against liabilities of $16.2m, net assets of -$7.5m.

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.