Washington Masonic Charities

Analysis

Washington Masonic Charities is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in January 1997, 29 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 April 2023, Washington Masonic Charities reported income of $621k and spending of $1.3m, spending 209% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income fell from $860k to $621k (-28%), an average of -10% a year. The sharpest change came in the year to April 2022, when income dropped by 58%. Over the whole period it spent 165% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Washington Masonic Charities sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within WA. Charities of a similar size with the same main cause include Ahepa One Inc ($621k), Midlands Housing Trust Fund ($621k) and Vincents Homes Inc ($621k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $114k (8.8% of expenses). Other salaries and wages came to $499k. At year end it held assets of $45.4m against liabilities of $262k, net assets of $45.1m. It reported 11 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.