Scottish Rite Park Inc

Analysis

Scottish Rite Park Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in February 1973, 53 years ago. 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 October 2023, Scottish Rite Park Inc reported income of $11.2m and spending of $11.6m, spending 104% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $9.4m to $11.2m (+19%), an average of +4.5% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scottish Rite Park Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include The Arc Jacksonville Inc ($11.2m), Agape Child and Family Services Inc ($11.2m) and World Outreach Ministries Inc ($11.2m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $530k (4.6% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $29.0m against liabilities of $24.0m, net assets of $5.0m. It reported 142 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.