Michigan Masonic Charitable Foundation

Analysis

Michigan Masonic Charitable Foundation is a registered charity in United States, based in Alma, MI. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 March 2023, Michigan Masonic Charitable Foundation reported income of $12.2m and spending of $12.1m, spending 100% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $8.9m to $12.2m (+37%), an average of +8.1% a year. The sharpest change came in the year to March 2023, when income rose by 46%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Michigan Masonic Charitable Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Network for Teaching Entrepreneurship ($12.1m), College Preparatory & Leadership Academy of High Point ($12.2m) and Achieve Twin Cities ($12.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 13% and program service revenue 0.0% of the total. Other salaries and wages came to $352k. At year end it held assets of $121.8m against liabilities of $349k, net assets of $121.5m. It reported 6 employees.