Minnesota Masonic Charities Funds

Analysis

Minnesota Masonic Charities Funds is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in November 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Minnesota Masonic Charities Funds reported income of $10.6m and spending of $908k, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $10.6m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 8.3% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Minnesota Masonic Charities Funds sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include The Legacy at Home Inc ($10.6m), Cayenne Wellness Center and Childrens Foundation Inc ($10.6m) and Urban League of Palm Beach County a ND Treasure Coast Inc ($10.6m).

At year end it held assets of $147.0m against liabilities of $9.6m, net assets of $137.4m.