Masonic Charity Foundation of New Mexico Inc

Analysis

Masonic Charity Foundation of New Mexico Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in April 1978, 48 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, Masonic Charity Foundation of New Mexico Inc reported income of $195k and spending of $156k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $138k to $195k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Masonic Charity Foundation of New Mexico Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NM. Charities of a similar size with the same main cause include Coon Rapids Cardinal Basketball Club ($195k), Project Graduation Inc ($195k) and Buhl Family Network Inc ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% of the total. Compensation of current officers, directors and key employees was $7,454 (4.8% of expenses). At year end it held assets of $4.0m against liabilities of $162k, net assets of $3.8m. It reported 1 employees.