Indiana Masonic Home Foundation Incorporated

Analysis

Indiana Masonic Home Foundation Incorporated is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 1960, 66 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Indiana Masonic Home Foundation Incorporated reported income of $5.5m and spending of $4.7m, spending 85% of its income. Across the 6 years on record, from March 2019 to December 2023, income fell from $6.1m to $5.5m (-10%), an average of -2.1% a year. The sharpest change came in the year to December 2023, when income rose by 170%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Indiana Masonic Home Foundation Incorporated sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include YWCA Richmond ($5.5m), Safe Harbor Center Inc ($5.5m) and Listen Lebanon in Service to Each Neighbor ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. Compensation of current officers, directors and key employees was $96k (2.0% of expenses). Other salaries and wages came to $222k. At year end it held assets of $92.3m against liabilities of $717k, net assets of $91.6m. It reported 5 employees.