George Washington Masonic National Memorial Association Inc

Analysis

George Washington Masonic National Memorial Association Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in August 1928, 98 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, George Washington Masonic National Memorial Association Inc reported income of $2.6m and spending of $3.4m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $2.6m (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, George Washington Masonic National Memorial Association Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include African Cultural Alliance of North America Inc ($2.6m), Chapman Cultural Center Inc ($2.6m) and Project Healthy Minds Corporation ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. Other salaries and wages came to $971k. At year end it held assets of $19.8m against liabilities of $1.1m, net assets of $18.8m. It reported 24 employees.