Minnesota Masonic Charities

Analysis

Minnesota Masonic Charities is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Minnesota Masonic Charities reported income of $839k and spending of $6.1m, spending 729% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $839k (-37%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 752% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Minnesota Masonic Charities sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Trinity Hill Family Services ($839k), Best Payments Foundation ($839k) and Global Fund for Widows Inc ($839k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $1.1m (18% of expenses). Other salaries and wages came to $767k. At year end it held assets of $15.4m against liabilities of $46.6m, net assets of -$31.2m.

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.