Texas Masonic Charities Foundation

Analysis

Texas Masonic Charities Foundation is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Texas Masonic Charities Foundation reported income of $1.2m and spending of $990k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.2m (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 326%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Texas Masonic Charities Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Love Your Neighbor Projects Inc ($1.2m), Sonoma Valley Education Foundation ($1.2m) and Dedman Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Other salaries and wages came to $42k. At year end it held assets of $7.4m against liabilities of $0, net assets of $7.4m. It reported 1 employees.