Minnesota Masonic Home Care Center

Analysis

Minnesota Masonic Home Care Center is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 1928, 98 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Minnesota Masonic Home Care Center reported income of $30.7m and spending of $31.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $33.4m to $30.7m (-8.3%), an average of -2.1% a year. The sharpest change came in the year to December 2020, when income dropped by 15%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Minnesota Masonic Home Care Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Guidewire Inc ($30.6m), Brooklyn Bureau of Community Service ($30.7m) and Presbyterian Homes of Arden Hills Inc ($30.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 96% of the total. Other salaries and wages came to $18.9m. At year end it held assets of $38.8m against liabilities of $16.6m, net assets of $22.3m. It reported 543 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.