Indiana Masonic Home Inc

Analysis

Indiana Masonic Home Inc is a registered charity in United States, based in Franklin, IN. It received its IRS tax-exemption ruling in March 2003, 23 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 (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 Inc reported income of $15.8m and spending of $11.0m, leaving 30% of income unspent that year. Across the 6 years on record, from March 2019 to December 2023, income grew from $13.3m to $15.8m (+18%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Indiana Masonic Home 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 96th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Comprehensive Housing Assistance Inc ($15.8m), American Family Housing ($15.8m) and Homeless Alliance ($15.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $385k (3.5% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $113.0m against liabilities of $35.1m, net assets of $77.9m. It reported 407 employees.