Society for Restoration & Preservation of Historic Masonic

Analysis

Society for Restoration & Preservation of Historic Masonic is a registered charity in United States, based in Bay City, MI. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Society for Restoration & Preservation of Historic Masonic reported income of $147k and spending of $159k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $37k to $147k (+303%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 243%. Over the whole period it spent 156% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for Restoration & Preservation of Historic Masonic sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within MI. Charities of a similar size with the same main cause include Castro Street Fair ($147k), St Lucie Community Theatre Inc ($147k) and American French Genealogical Society ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 24% of the total. Other salaries and wages came to $30k. At year end it held assets of $1.4m against liabilities of $1,168, net assets of $1.4m. It reported 2 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.