Masonicare at Chester Village Inc

Analysis

Masonicare at Chester Village Inc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in April 2018, 8 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 September 2023, Masonicare at Chester Village Inc reported income of $7.9m and spending of $7.6m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.7m to $7.9m (+70%), an average of +14% a year. The sharpest change came in the year to September 2020, when income rose by 28%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Masonicare at Chester Village Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Hawthorne Ridge Inc ($7.9m), Cambridge Community Housing Development Inc ($8.0m) and Orlando Union Rescue Mission Inc ($7.9m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $144k (1.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $23.8m against liabilities of $27.5m, net assets of -$3.7m. It reported 91 employees.