Is Trustees Of The Masonic Hall And Asylum Fund Legit?
Quick charity verification for Trustees Of The Masonic Hall And Asylum Fund (EIN: 135563012)
Verdict: Trustees Of The Masonic Hall And Asylum Fund appears trustworthy
75/100Mission Score
$84.4MRevenue
$344.8MAssets
2Red Flags
3Strengths
Red Flags
Consistent operating deficits in recent years (e.g., $21.3M in 2023, $6.7M in 2022), indicating expenses exceeding revenue.
Significant increase in liabilities from $26.7M in 2019 to $65.1M in 2023, which warrants further investigation.
Strengths
Substantial and stable asset base, consistently over $300 million, providing financial resilience.
Consistent reporting of 0% officer compensation, suggesting a strong commitment to directing funds to the mission.
Long history of IRS 990 filings, indicating good transparency and compliance.
Spending Breakdown
How Trustees Of The Masonic Hall And Asylum Fund allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Trustees Of The Masonic Hall And Asylum Fund
Is Trustees Of The Masonic Hall And Asylum Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Trustees Of The Masonic Hall And Asylum Fund (EIN: 135563012) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Trustees Of The Masonic Hall And Asylum Fund a good charity to donate to?
Trustees Of The Masonic Hall And Asylum Fund has a Mission Score of 75/100. Revenue: $84.4M. Assets: $344.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Trustees Of The Masonic Hall And Asylum Fund?
The Employer Identification Number (EIN) for Trustees Of The Masonic Hall And Asylum Fund is 135563012. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Trustees Of The Masonic Hall And Asylum Fund spend its money?
Trustees Of The Masonic Hall And Asylum Fund allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Trustees Of The Masonic Hall And Asylum Fund's tax-exempt status?
You can verify Trustees Of The Masonic Hall And Asylum Fund's tax-exempt status using EIN 135563012 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Trustees Of The Masonic Hall And Asylum Fund demonstrates a generally stable financial position with substantial assets, consistently exceeding $300 million in recent years, reaching $347,472,519 in 2023. However, the organization has experienced a trend of operating deficits in its most recent filings, with expenses exceeding revenue. For instance, in 2023, expenses were $60,546,440 against revenues of $39,162,991, and in 2022, expenses were $56,879,176 against revenues of $50,162,687. This indicates a reliance on existing assets or other non-operating income to cover costs, which warrants closer examination.
The organization's spending efficiency appears to be focused on its program services, as indicated by the high program spending ratio. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards the mission rather than executive salaries, which is a positive indicator of financial stewardship. While the specific breakdown of administrative and fundraising costs isn't provided in the raw data, the absence of officer compensation implies a lean approach to executive overhead.
Transparency is generally good given the consistent filing of IRS Form 990s over many years. The detailed financial figures provided in the filing history allow for a clear understanding of revenue, expenses, and asset trends. The significant asset base provides a buffer for the recent operating deficits, but sustained deficits could eventually impact long-term financial health if not addressed through increased revenue or cost management.