Masco Inc

Analysis

Masco Inc is a registered charity in United States, based in Boardman, OH. It received its IRS tax-exemption ruling in August 1953, 73 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 June 2023, Masco Inc reported income of $2.6m and spending of $2.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.6m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Masco Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Oregon Council for the Humanities ($2.6m), Greater Flint Arts Council ($2.6m) and Equinox Software Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $373k. At year end it held assets of $3.4m against liabilities of $683k, net assets of $2.7m. It reported 196 employees.