Mason Wright Senior Living Inc

Analysis

Mason Wright Senior Living Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Mason Wright Senior Living Inc reported income of $4.5m and spending of $4.9m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $4.5m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mason Wright Senior Living Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Housing Works Services Inc ($4.5m), His Way Recovery Center ($4.5m) and Rental Assistance Corporation of Buffalo ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $169k (3.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $5.2m against liabilities of $3.7m, net assets of $1.4m. It reported 141 employees.