Troy Masonic Community Center Ltd

Analysis

Troy Masonic Community Center Ltd is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Troy Masonic Community Center Ltd reported income of $68k and spending of $59k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $68k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Troy Masonic Community Center Ltd sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Denver Catholic Worker Soup Kitchen ($68k), Bridge International ($68k) and Butterflies USA Inc ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $1,200 (2.0% of expenses). At year end it held assets of $649k against liabilities of $14k, net assets of $635k.