Masonic Home and School of Texas

Analysis

Masonic Home and School of Texas is a registered charity in United States, based in Keller, TX. It received its IRS tax-exemption ruling in April 1977, 49 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 June 2023, Masonic Home and School of Texas reported income of $5.4m and spending of $4.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.8m to $5.4m (-7.4%), an average of -1.9% a year. The sharpest change came in the year to June 2021, when income rose by 80%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Masonic Home and School of Texas sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Help on the Way ($5.4m), Covenant House Michigan ($5.4m) and The Festival Foundation ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $319k (6.6% of expenses). Other salaries and wages came to $351k. At year end it held assets of $133.0m against liabilities of $1.3m, net assets of $131.7m. It reported 7 employees.