Minnesota Masonic Elder Services

Analysis

Minnesota Masonic Elder Services is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1993, 33 years ago. 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 Elder Services reported income of $1.9m and spending of $1.9m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $1.9m (+0.3%), an average of +0.1% a year. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Masonic Elder Services sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include The AIDS Institute Inc ($1.9m), Fosterall ($1.9m) and Young Womens Christian Association ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $901k. At year end it held assets of $4.1m against liabilities of $9.7m, net assets of -$5.6m. It reported 26 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.