Charleston County Masonic Assn Inc

Analysis

Charleston County Masonic Assn Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in September 2024, 2 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Charleston County Masonic Assn Inc reported income of $55k and spending of $68k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $78k to $55k (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Charleston County Masonic Assn Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 27th percentile within SC. Charities of a similar size with the same main cause include Junior League of Akron Ohio Inc ($55k), I Am Beacon Inc ($55k) and Partnership Foundation Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $540k against liabilities of $0, net assets of $540k.