Masonic Scholarship Endowment Trust of West Virginia

Analysis

Masonic Scholarship Endowment Trust of West Virginia is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in October 1968, 58 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Masonic Scholarship Endowment Trust of West Virginia reported income of $154k and spending of $144k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $167k to $154k (-7.6%), an average of -2.0% a year. The sharpest change came in the year to December 2023, when income rose by 248%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Masonic Scholarship Endowment Trust of West Virginia sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Gothenburg Memorial Hospital Foundation ($154k), American Society of Civil Engineers ($154k) and Unified School District No 416 Endowment Association ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% of the total. Compensation of current officers, directors and key employees was $22k (16% of expenses). At year end it held assets of $5.4m against liabilities of $0, net assets of $5.4m.