Masonic and Eastern Star Home of the District of Columbia Charities

Analysis

Masonic and Eastern Star Home of the District of Columbia Charities is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in July 1938, 88 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 (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, Masonic and Eastern Star Home of the District of Columbia Charities reported income of $2.4m and spending of $4.3m, spending 177% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.4m (-6.5%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Masonic and Eastern Star Home of the District of Columbia Charities sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Dewittsburg Housing Development Fund Corporation ($2.4m), Center for Innovation Inc ($2.4m) and YWCA Apartments Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. Compensation of current officers, directors and key employees was $143k (3.3% of expenses). Other salaries and wages came to $246k. At year end it held assets of $42.4m against liabilities of $770k, net assets of $41.7m. It reported 4 employees.