Masonic Service Association Education Department

Analysis

Masonic Service Association Education Department is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in May 1937, 89 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Masonic Service Association Education Department reported income of $711k and spending of $508k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $707k to $711k (+0.5%), an average of +0.1% a year. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Masonic Service Association Education Department sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within IA. Charities of a similar size with the same main cause include Wood River Vision 2020 ($710k), Heart of the Delta Foundation ($711k) and The Cabet Group Incorporated ($710k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $13k (2.6% of expenses). Other salaries and wages came to $53k. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.