York Rite Charitable Fund

Analysis

York Rite Charitable Fund is a registered charity in United States, based in Denton, NC. It received its IRS tax-exemption ruling in March 1981, 45 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 May 2024, York Rite Charitable Fund reported income of $131k and spending of $31k, leaving 76% of income unspent that year. Across the 6 years on record, from May 2019 to May 2024, income fell from $139k to $131k (-5.7%), an average of -1.2% a year. The sharpest change came in the year to May 2023, when income rose by 39%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, York Rite Charitable Fund sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include Anthony Middle School PTA ($131k), Montana Masonic Foundation ($131k) and Cattaraugus Free Library ($131k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 35% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.