San Jose Scottish Rite Foundation

Analysis

San Jose Scottish Rite Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 1986, 40 years ago. 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, San Jose Scottish Rite Foundation reported income of $632k and spending of $880k, spending 139% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.4m to $632k (-53%), an average of -32% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Jose Scottish Rite Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Topeka Symphony Society ($632k), Victoire Management Support Inc ($633k) and Cumberland Communities Communications Corporation ($632k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $77k (8.8% of expenses). Other salaries and wages came to $98k. At year end it held assets of $6.8m against liabilities of $12k, net assets of $6.8m. It reported 8 employees.