Masonic Grand Lodge Library and Museum of Texas

Analysis

Masonic Grand Lodge Library and Museum of Texas is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in May 1982, 44 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 (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 Grand Lodge Library and Museum of Texas reported income of $801k and spending of $683k, spending 85% of its income. Across the 5 years on record, from October 2019 to December 2023, income fell from $853k to $801k (-6.0%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Masonic Grand Lodge Library and Museum of Texas 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 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Wright Institute Los Angeles ($801k), Chandler Education Foundation Inc ($802k) and Mount Carmel Guild ($801k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $16k (2.3% of expenses). Other salaries and wages came to $159k. At year end it held assets of $10.1m against liabilities of $8,781, net assets of $10.1m. It reported 5 employees.