Scottish Rite Foundation

Analysis

Scottish Rite Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 1954, 72 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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, Scottish Rite Foundation reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.7m to $1.4m (-85%), an average of -38% a year. The sharpest change came in the year to December 2021, when income rose by 284%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scottish Rite Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CO. Charities of a similar size with the same main cause include Boy Scouts of America ($1.4m), Helping Our People in Elsinore Inc ($1.4m) and Scriptures in Use ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% of the total. Compensation of current officers, directors and key employees was $78k (6.0% of expenses). Other salaries and wages came to $38k. It paid $5,380 in professional fundraising fees. At year end it held assets of $34.5m against liabilities of $275k, net assets of $34.2m. It reported 1 employees.