Illinois Masonic Charities Fund

Analysis

Illinois Masonic Charities Fund is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in June 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Illinois Masonic Charities Fund reported income of $19.4m and spending of $3.4m, leaving 82% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.4m to $19.4m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income rose by 2515%. Over the whole period it spent 14% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Illinois Masonic Charities Fund sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Odyssey 2020 Academy Inc ($19.4m), Entrepreneurial Ventures in Education ($19.4m) and Benjamin Franklin Cummings Institute of Technology ($19.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% of the total. At year end it held assets of $302.0m against liabilities of $30k, net assets of $302.0m.