Masonic Charities of Maryland Inc

Analysis

Masonic Charities of Maryland Inc is a registered charity in United States, based in Cockeysville, MD. It received its IRS tax-exemption ruling in September 1986, 40 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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 June 2023, Masonic Charities of Maryland Inc reported income of $153k and spending of $129k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $214k to $153k (-29%), an average of -8.1% a year. The sharpest change came in the year to June 2021, when income rose by 224%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Masonic Charities of Maryland Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within MD. Charities of a similar size with the same main cause include Hammond Education Foundation Inc ($153k), German Cultural Society Inc ($153k) and Tennessee Youth Sports Alliance ($153k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $2.7m against liabilities of $46k, net assets of $2.7m.