Masonic and Eastern Star Home

Analysis

Masonic and Eastern Star Home is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in March 1944, 82 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 reported income of $20.4m and spending of $24.1m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $20.7m to $20.4m (-1.7%), an average of -0.4% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Masonic and Eastern Star Home sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Friendship House ($20.3m), North American Family Institute Inc ($20.4m) and Ennis Center for Children Inc ($20.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $136k (0.6% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $134.4m against liabilities of $124.7m, net assets of $9.7m. It reported 422 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.