Iowa Scottish Rite Masonic Foundation

Analysis

Iowa Scottish Rite Masonic Foundation is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in May 1962, 64 years ago. 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, Iowa Scottish Rite Masonic Foundation reported income of $450k and spending of $394k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $450k (+131%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 151%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iowa Scottish Rite Masonic Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within IA. Charities of a similar size with the same main cause include Boise State University Alumni Association Inc ($450k), West Hartford Extended Experience II ($450k) and Friends of Hospice of the Lakeway Area Inc ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.3% of the total. Compensation of current officers, directors and key employees was $33k (8.4% of expenses). At year end it held assets of $8.1m against liabilities of $7,237, net assets of $8.1m. It reported 1 employees.