Home for Aged Masons

Analysis

Home for Aged Masons is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Home for Aged Masons reported income of $8.3m and spending of $11.0m, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.4m to $8.3m (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Home for Aged Masons sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Digital Medicine Society Inc ($8.3m), Crosspoint Inc ($8.3m) and Southwest Louisiana AIDS Council ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $616k (5.6% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $116.8m against liabilities of $415k, net assets of $116.4m. It reported 115 employees.