Masonic Home Endowment Fund Inc

Analysis

Masonic Home Endowment Fund Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in May 1987, 39 years ago. 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 March 2024, Masonic Home Endowment Fund Inc reported income of $4.0m and spending of $2.3m, leaving 41% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $3.3m to $4.0m (+19%), an average of +4.4% a year. The sharpest change came in the year to March 2022, when income rose by 49%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Masonic Home Endowment Fund Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include The Childrens Storefront ($4.0m), St Lukes Health Foundation of Sioux City Iowa ($4.0m) and Youth Crossroads Inc ($4.0m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 37% of the total. At year end it held assets of $39.2m against liabilities of $6.7m, net assets of $32.5m.