Scottish Rite Foundation Southern Jurisdiction USA Inc

Analysis

Scottish Rite Foundation Southern Jurisdiction USA Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1955, 71 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Scottish Rite Foundation Southern Jurisdiction USA Inc reported income of $3.0m and spending of $4.1m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.0m (+2.6%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 195%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scottish Rite Foundation Southern Jurisdiction USA Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 73rd percentile within DC. Charities of a similar size with the same main cause include Orlando Torah Academy Inc ($3.0m), Trinity College of Nursing & Health Sciences ($3.0m) and Riley Behavioral and Educational Center ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $319k (7.8% of expenses). Other salaries and wages came to $258k. At year end it held assets of $25.2m against liabilities of $116k, net assets of $25.0m.