Masonicare At Home Inc
Masonicare At Home Inc. consistently operates with a surplus and reports no direct officer compensation.
EIN: 202377783 · Wallingford, CT · NTEE: P70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.7M |
| Total Expenses | $4.9M |
| Program Spending | 90% |
| Net Assets | $399K |
| Transparency Score | 85/100 |
Is Masonicare At Home Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Masonicare At Home Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Masonicare At Home Inc
Masonicare At Home Inc (EIN: 202377783) is a nonprofit organization based in Wallingford, CT, classified under NTEE code P70. The organization reported total revenue of $5.7M and total assets of $605K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Masonicare At Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Masonicare At Home Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $4.9M |
| Surplus / Deficit | +$210K |
| Total Assets | $592K |
| Total Liabilities | $193K |
| Net Assets | $399K |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 32.7% |
| Months of Reserves | 1.5 months |
Financial Health Grade: A
In 2023, Masonicare At Home Inc reported a surplus of $210K with revenue exceeding expenses, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 32.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Masonicare At Home Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.4% | -5.5% | -16.2% |
| 2022 | -29.8% | -22.0% | -42.8% |
| 2021 | -3.5% | +2.0% | -9.1% |
| 2020 | +14.6% | +13.6% | +39.3% |
| 2019 | +12.1% | +4.5% | +17.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Masonicare At Home Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Masonicare At Home Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $210K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.7%.
Executive Compensation Analysis
Masonicare At Home Inc. consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either unpaid or compensated by a related entity within the broader Masonicare system, which is a positive indicator for direct program focus.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Masonicare At Home Inc's IRS 990 filings:
- Potential for executive compensation to be paid by a related entity, not directly disclosed on this 990.
Strengths
The following positive indicators were identified for Masonicare At Home Inc:
- Consistent operational surpluses in most recent periods (e.g., $210,477 in 202309).
- Zero reported officer compensation across all filings, indicating high efficiency or external compensation.
- Stable asset base relative to liabilities, demonstrating financial prudence.
- Long history of IRS 990 filings, indicating transparency and compliance.
Frequently Asked Questions about Masonicare At Home Inc
Is Masonicare At Home Inc a legitimate charity?
Masonicare At Home Inc (EIN: 202377783) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.7M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Masonicare At Home Inc spend its money?
Masonicare At Home Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Masonicare At Home Inc tax-deductible?
Masonicare At Home Inc is registered as a tax-exempt nonprofit (EIN: 202377783). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Masonicare At Home Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Masonicare At Home Inc is above average for NTEE category P70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Masonicare At Home Inc located?
Masonicare At Home Inc is headquartered in Wallingford, Connecticut and files with the IRS under EIN 202377783. It is classified under NTEE code P70.
How many years of IRS 990 filings does Masonicare At Home Inc have?
Masonicare At Home Inc has 13 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 $5.7M in total revenue.
Is Masonicare At Home Inc. financially stable?
Yes, Masonicare At Home Inc. appears financially stable, consistently reporting revenues exceeding expenses in most recent periods, such as a $210,477 surplus in 202309 ($5,070,708 revenue vs. $4,860,231 expenses), and maintaining a healthy asset base.
How does Masonicare At Home Inc. manage executive compensation?
The organization reports 0% officer compensation across all available IRS 990 filings, indicating that executive leadership is either volunteer-based or compensated through a related entity, which is a strong positive for direct program spending.
What is the trend in Masonicare At Home Inc.'s revenue?
Masonicare At Home Inc.'s revenue has fluctuated, peaking around $7.5 million in 202009 and 202109, and settling around $5 million in the most recent periods (e.g., $5,070,708 in 202309), indicating a stable but slightly reduced operational scale compared to its peak.
Filing History
IRS 990 filing history for Masonicare At Home Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Masonicare At Home Inc's revenue has grown by 102.8%, moving from $2.5M to $5.1M. Total assets increased by 110% over the same period, from $282K to $592K. Total functional expenses rose by 118.9%, from $2.2M to $4.9M. In its most recent filing year (2023), Masonicare At Home Inc reported a surplus of $210K, with revenue exceeding expenses. The organization holds $193K in liabilities against $592K in assets (debt-to-asset ratio: 32.7%), resulting in net assets of $399K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.1M | $4.9M | $592K | $193K | — | — |
| 2022 | $5.1M | $5.1M | $706K | $328K | — | — |
| 2021 | $7.3M | $6.6M | $1.2M | $398K | — | View 990 |
| 2020 | $7.6M | $6.5M | $1.4M | $405K | — | View 990 |
| 2019 | $6.6M | $5.7M | $975K | $206K | — | View 990 |
| 2018 | $5.9M | $5.4M | $830K | $279K | — | View 990 |
| 2017 | $5.3M | $4.9M | $762K | $236K | — | View 990 |
| 2016 | $5.2M | $5.2M | $608K | $409K | — | View 990 |
| 2015 | $3.9M | $3.8M | $495K | $220K | — | View 990 |
| 2014 | $3.4M | $3.5M | $423K | $172K | — | View 990 |
| 2013 | $3.4M | $2.9M | $371K | $104K | — | View 990 |
| 2012 | $3.2M | $2.6M | $291K | $134K | — | View 990 |
| 2011 | $2.5M | $2.2M | $282K | $158K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.1M, expenses of $4.9M, and assets of $592K (revenue -1.4% year-over-year).
- 2022: Revenue of $5.1M, expenses of $5.1M, and assets of $706K (revenue -29.8% year-over-year).
- 2021: Revenue of $7.3M, expenses of $6.6M, and assets of $1.2M (revenue -3.5% year-over-year).
- 2020: Revenue of $7.6M, expenses of $6.5M, and assets of $1.4M (revenue +14.6% year-over-year).
- 2019: Revenue of $6.6M, expenses of $5.7M, and assets of $975K (revenue +12.1% year-over-year).
- 2018: Revenue of $5.9M, expenses of $5.4M, and assets of $830K (revenue +11.6% year-over-year).
- 2017: Revenue of $5.3M, expenses of $4.9M, and assets of $762K (revenue +1.3% year-over-year).
- 2016: Revenue of $5.2M, expenses of $5.2M, and assets of $608K (revenue +33.5% year-over-year).
- 2015: Revenue of $3.9M, expenses of $3.8M, and assets of $495K (revenue +15.3% year-over-year).
- 2014: Revenue of $3.4M, expenses of $3.5M, and assets of $423K (revenue +0.3% year-over-year).
- 2013: Revenue of $3.4M, expenses of $2.9M, and assets of $371K (revenue +7.3% year-over-year).
- 2012: Revenue of $3.2M, expenses of $2.6M, and assets of $291K (revenue +26.2% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.2M, and assets of $282K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Masonicare At Home Inc:
Data Sources and Methodology
This transparency report for Masonicare At Home Inc 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.