Masonic Charities of Florida Inc

Analysis

Masonic Charities of Florida Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Charities of Florida Inc reported income of $591k and spending of $87k, leaving 85% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $183k to $591k (+223%), an average of +34% a year. The sharpest change came in the year to March 2023, when income rose by 76%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Masonic Charities of Florida Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Panhandle of Texas Lions Foundation Inc ($590k), Kids Connect Charitable Fund ($591k) and Changing Destiny Project ($590k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 3.4% and program service revenue 87% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.