Eastern Star Masonic Home

Analysis

Eastern Star Masonic Home is a registered charity in United States, based in Boone, IA. It received its IRS tax-exemption ruling in August 1990, 36 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 August 2023, Eastern Star Masonic Home reported income of $11.0m and spending of $13.5m, spending 122% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $8.9m to $11.0m (+24%), an average of +5.5% a year. Over the whole period it spent 133% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eastern Star Masonic Home sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include Golden Paws Assistance Dogs Inc ($11.0m), Bi-County Community Action Programs Inc ($11.0m) and CGS Family Partnership Inc ($11.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $207k (1.5% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $22.5m against liabilities of $20.6m, net assets of $1.9m. It reported 293 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.