Masonic Temple Corporation Of Norfolk
EIN: 540631620 · Norfolk, VA · NTEE: S47
| Metric | Value |
|---|---|
| Total Revenue | $259K |
| Total Expenses | $244K |
| Net Assets | $690K |
Is Masonic Temple Corporation Of Norfolk Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Masonic Temple Corporation Of Norfolk
Masonic Temple Corporation Of Norfolk (EIN: 540631620) is a nonprofit organization based in Norfolk, VA, classified under NTEE code S47. The organization reported total revenue of $259K and total assets of $682K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Masonic Temple Corporation Of Norfolk's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Masonic Temple Corporation Of Norfolk is a small nonprofit that has been operating for 5 years, with 10 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $249K |
| Total Expenses | $244K |
| Surplus / Deficit | +$4K |
| Total Assets | $692K |
| Total Liabilities | $2K |
| Net Assets | $690K |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 34.0 months |
Financial Health Grade: A
In 2023, Masonic Temple Corporation Of Norfolk reported a surplus of $4K with revenue exceeding expenses, holds 34.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 10 years of filings (2009–2023), Masonic Temple Corporation Of Norfolk's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.6% | +16.8% | +1.6% |
| 2022 | -15.8% | -12.7% | -4.8% |
| 2021 | +27.6% | +24.4% | +1.7% |
| 2020 | +26.1% | +25.6% | -0.2% |
| 2019 | -19.6% | -31.7% | +21.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Masonic Temple Corporation Of Norfolk has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Masonic Temple Corporation Of Norfolk with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Masonic Temple Corporation Of Norfolk
Is Masonic Temple Corporation Of Norfolk a legitimate charity?
Masonic Temple Corporation Of Norfolk (EIN: 540631620) is a registered tax-exempt nonprofit based in Virginia. It has 10 years of IRS 990 filings on record. Total revenue: $259K. No red flags identified. Financial health grade: A.
How does Masonic Temple Corporation Of Norfolk spend its money?
Masonic Temple Corporation Of Norfolk reported $259K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Masonic Temple Corporation Of Norfolk tax-deductible?
Masonic Temple Corporation Of Norfolk is registered as a tax-exempt nonprofit (EIN: 540631620). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Masonic Temple Corporation Of Norfolk located?
Masonic Temple Corporation Of Norfolk is headquartered in Norfolk, Virginia and files with the IRS under EIN 540631620. It is classified under NTEE code S47.
How many years of IRS 990 filings does Masonic Temple Corporation Of Norfolk have?
Masonic Temple Corporation Of Norfolk has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $259K in total revenue.
Filing History
IRS 990 filing history for Masonic Temple Corporation Of Norfolk showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2009–2023), Masonic Temple Corporation Of Norfolk's revenue has grown by 26.2%, moving from $197K to $249K. Total assets increased by 3.6% over the same period, from $667K to $692K. Total functional expenses rose by 24.4%, from $196K to $244K. In its most recent filing year (2023), Masonic Temple Corporation Of Norfolk reported a surplus of $4K, with revenue exceeding expenses. The organization holds $2K in liabilities against $692K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $690K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $249K | $244K | $692K | $2K | — | — |
| 2022 | $205K | $209K | $681K | $2K | — | View 990 |
| 2021 | $243K | $240K | $715K | $8K | — | View 990 |
| 2020 | $190K | $193K | $703K | $3K | — | — |
| 2019 | $151K | $153K | $704K | $8K | — | View 990 |
| 2013 | $188K | $224K | $582K | $3K | — | View 990 |
| 2012 | $208K | $203K | $618K | $3K | — | View 990 |
| 2011 | $427K | $217K | $629K | $5K | — | View 990 |
| 2010 | $427K | $217K | $629K | $5K | — | View 990 |
| 2009 | $197K | $196K | $667K | $273K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $249K, expenses of $244K, and assets of $692K (revenue +21.6% year-over-year).
- 2022: Revenue of $205K, expenses of $209K, and assets of $681K (revenue -15.8% year-over-year).
- 2021: Revenue of $243K, expenses of $240K, and assets of $715K (revenue +27.6% year-over-year).
- 2020: Revenue of $190K, expenses of $193K, and assets of $703K (revenue +26.1% year-over-year).
- 2019: Revenue of $151K, expenses of $153K, and assets of $704K (revenue -19.6% year-over-year).
- 2013: Revenue of $188K, expenses of $224K, and assets of $582K (revenue -9.6% year-over-year).
- 2012: Revenue of $208K, expenses of $203K, and assets of $618K (revenue -51.4% year-over-year).
- 2011: Revenue of $427K, expenses of $217K, and assets of $629K (revenue +0.0% year-over-year).
- 2010: Revenue of $427K, expenses of $217K, and assets of $629K (revenue +116.6% year-over-year).
- 2009: Revenue of $197K, expenses of $196K, and assets of $667K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Masonic Temple Corporation Of Norfolk:
Data Sources and Methodology
This transparency report for Masonic Temple Corporation Of Norfolk is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.