Masonic Homes of California

Analysis

Masonic Homes of California is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in December 1934, 92 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 October 2023, Masonic Homes of California reported income of $37.5m and spending of $82.5m, spending 220% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $69.0m to $37.5m (-46%), an average of -14% a year. The sharpest change came in the year to October 2021, when income rose by 154%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Masonic Homes of California sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Elwyn New Jersey ($37.5m), Cooperative for Human Services Inc ($37.5m) and Pathways Inc ($37.5m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 5.1% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $1.7m (2.1% of expenses). Other salaries and wages came to $28.8m. At year end it held assets of $1.09bn against liabilities of $72.8m, net assets of $1.01bn. It reported 461 employees.