Masonic-Eastern Star Home for Children

Analysis

Masonic-Eastern Star Home for Children is a registered charity in United States, based in Fremont, NE. It received its IRS tax-exemption ruling in December 1934, 92 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 May 2024, Masonic-Eastern Star Home for Children reported income of $3.6m and spending of $2.4m, leaving 35% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $2.0m to $3.6m (+80%), an average of +16% a year. The sharpest change came in the year to May 2024, when income rose by 91%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Masonic-Eastern Star Home for Children sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within NE. Charities of a similar size with the same main cause include Cross Roads Missions ($3.6m), Residential Experience in Adult Living Inc ($3.6m) and Love Does Parade ($3.6m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 38% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $163k (6.9% of expenses). Other salaries and wages came to $859k. At year end it held assets of $42.9m against liabilities of $0, net assets of $42.9m. It reported 36 employees.