Maryland Masonic Homes Ltd

Analysis

Maryland Masonic Homes Ltd is a registered charity in United States, based in Cockeysville, MD. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maryland Masonic Homes Ltd reported income of $26.1m and spending of $22.9m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.7m to $26.1m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maryland Masonic Homes Ltd sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Caritas Corporation ($26.0m), One Vision ($26.1m) and Kingdom Development Inc ($26.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. Other salaries and wages came to $9.8m. At year end it held assets of $10.7m against liabilities of $3.6m, net assets of $7.1m. It reported 285 employees.