Nebraska Masonic Home

Analysis

Nebraska Masonic Home is a registered charity in United States, based in Plattsmouth, NE. It received its IRS tax-exemption ruling in March 1935, 91 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 April 2024, Nebraska Masonic Home reported income of $9.5m and spending of $8.9m, spending 94% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $7.7m to $9.5m (+24%), an average of +5.4% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nebraska 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 NE. Charities of a similar size with the same main cause include Rose Bowl Aquatics Center ($9.5m), Casa Loma College ($9.5m) and Circle C Child Development Center Inc ($9.5m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $245k (2.7% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $10.7m against liabilities of $686k, net assets of $10.0m. It reported 135 employees.