Minnesota Masonic Home Cluster Homes

Analysis

Minnesota Masonic Home Cluster Homes is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Cluster Homes reported income of $1.6m and spending of $1.1m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.6m (+8.2%), an average of +2.0% a year. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Minnesota Masonic Home Cluster Homes sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include LPS Charitable Foundation Inc ($1.6m), Rio Concho Manor Inc ($1.6m) and Greater New Hope Baptist Church Towers Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $39k. At year end it held assets of $6.3m against liabilities of $372k, net assets of $5.9m.