The Ohio Masonic Home

Analysis

The Ohio Masonic Home is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in April 1941, 85 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 (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, The Ohio Masonic Home reported income of $39.4m and spending of $52.6m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $36.8m to $39.4m (+7.1%), an average of +1.7% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Ohio Masonic Home sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Western Home Services Inc ($39.4m), Kendal at Hanover I ($39.6m) and Coalition for the Homeless of Houston/Harris County ($39.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $423k (0.8% of expenses). Other salaries and wages came to $20.1m. At year end it held assets of $108.4m against liabilities of $118.4m, net assets of -$10.0m. It reported 839 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.