North Carolina Scottish Rite Masonic Foundation Inc

Analysis

North Carolina Scottish Rite Masonic Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 1961, 65 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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 August 2023, North Carolina Scottish Rite Masonic Foundation Inc reported income of $114k and spending of $111k, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $170k to $114k (-33%), an average of -9.6% a year. The sharpest change came in the year to August 2020, when income dropped by 37%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Scottish Rite Masonic Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Legatus ($114k), Volunteer Ambulance Service Inc Hillsdale ($114k) and Sun East Foundation Inc ($114k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $3.7m against liabilities of $832k, net assets of $2.9m.