Trustees Of The Masonic Hall And Asylum Fund
Masonic Hall and Asylum Fund shows strong assets but consistent operating deficits in recent years.
EIN: 135563012 · Utica, NY · NTEE: P750 · Updated: 2026-03-28
Is Trustees Of The Masonic Hall And Asylum Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trustees Of The Masonic Hall And Asylum Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trustees Of The Masonic Hall And Asylum Fund
Trustees Of The Masonic Hall And Asylum Fund (EIN: 135563012) is a nonprofit organization based in Utica, NY, classified under NTEE code P750. The organization reported total revenue of $84.4M and total assets of $344.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trustees Of The Masonic Hall And Asylum Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Trustees Of The Masonic Hall And Asylum Fund with a Mission Score of 75 out of 100 (Good). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Trustees Of The Masonic Hall And Asylum Fund allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size with assets exceeding $300 million and annual expenses over $50 million.
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 Trustees Of The Masonic Hall And Asylum Fund's IRS 990 filings:
- 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
The following positive indicators were identified for Trustees Of The Masonic Hall And Asylum Fund:
- 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.
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) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Trustees Of The Masonic Hall And Asylum Fund spend its money?
Trustees Of The Masonic Hall And Asylum Fund directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trustees Of The Masonic Hall And Asylum Fund tax-deductible?
Trustees Of The Masonic Hall And Asylum Fund is registered as a tax-exempt nonprofit (EIN: 135563012). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the organization cover its operating deficits, such as the $21,383,449 deficit in 2023?
The consistent operating deficits suggest the organization may be relying on investment income, draws from its substantial asset base, or other non-operating revenue sources not detailed in the provided summary to cover its expenses.
What is the long-term strategy for addressing the trend of expenses exceeding revenue?
While not explicitly stated in the data, the organization would need to either increase its revenue streams or implement cost-cutting measures to ensure long-term financial sustainability without depleting its significant assets.
Given the 0% officer compensation, how are leadership roles compensated or structured?
The 0% officer compensation is highly unusual and suggests that leadership may be entirely volunteer-based, compensated through a related entity, or that the compensation is reported under different categories not captured as 'Officer Comp' in this summary.
Filing History
IRS 990 filing history for Trustees Of The Masonic Hall And Asylum Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Trustees Of The Masonic Hall And Asylum Fund's revenue has declined by 25.8%, moving from $52.8M to $39.2M. Total assets increased by 17.7% over the same period, from $295.2M to $347.5M. Total functional expenses rose by 13.5%, from $53.4M to $60.5M. In its most recent filing year (2023), Trustees Of The Masonic Hall And Asylum Fund reported a deficit of $21.4M, with expenses exceeding revenue. The organization holds $65.1M in liabilities against $347.5M in assets (debt-to-asset ratio: 18.7%), resulting in net assets of $282.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $39.2M | $60.5M | $347.5M | $65.1M | — | View 990 |
| 2022 | $50.2M | $56.9M | $347.6M | $64.2M | — | View 990 |
| 2021 | $55.8M | $55.1M | $394.3M | $63.7M | — | View 990 |
| 2020 | $51.1M | $55.2M | $379.7M | $60.8M | — | — |
| 2019 | $60.6M | $54.0M | $332.8M | $26.7M | — | View 990 |
| 2018 | $63.3M | $56.6M | $298.2M | $25.5M | — | View 990 |
| 2017 | $58.8M | $55.7M | $317.6M | $21.6M | — | — |
| 2016 | $56.5M | $54.8M | $306.3M | $32.4M | — | View 990 |
| 2015 | $55.3M | $53.8M | $303.6M | $35.4M | — | View 990 |
| 2014 | $60.3M | $54.0M | $310.9M | $41.4M | — | View 990 |
| 2013 | $59.6M | $53.0M | $312.2M | $36.9M | — | View 990 |
| 2012 | $54.3M | $56.7M | $303.9M | $46.9M | — | View 990 |
| 2011 | $52.8M | $53.4M | $295.2M | $44.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39.2M, expenses of $60.5M, and assets of $347.5M (revenue -21.9% year-over-year).
- 2022: Revenue of $50.2M, expenses of $56.9M, and assets of $347.6M (revenue -10.1% year-over-year).
- 2021: Revenue of $55.8M, expenses of $55.1M, and assets of $394.3M (revenue +9.2% year-over-year).
- 2020: Revenue of $51.1M, expenses of $55.2M, and assets of $379.7M (revenue -15.7% year-over-year).
- 2019: Revenue of $60.6M, expenses of $54.0M, and assets of $332.8M (revenue -4.3% year-over-year).
- 2018: Revenue of $63.3M, expenses of $56.6M, and assets of $298.2M (revenue +7.7% year-over-year).
- 2017: Revenue of $58.8M, expenses of $55.7M, and assets of $317.6M (revenue +4.1% year-over-year).
- 2016: Revenue of $56.5M, expenses of $54.8M, and assets of $306.3M (revenue +2.1% year-over-year).
- 2015: Revenue of $55.3M, expenses of $53.8M, and assets of $303.6M (revenue -8.2% year-over-year).
- 2014: Revenue of $60.3M, expenses of $54.0M, and assets of $310.9M (revenue +1.2% year-over-year).
- 2013: Revenue of $59.6M, expenses of $53.0M, and assets of $312.2M (revenue +9.7% year-over-year).
- 2012: Revenue of $54.3M, expenses of $56.7M, and assets of $303.9M (revenue +2.8% year-over-year).
- 2011: Revenue of $52.8M, expenses of $53.4M, and assets of $295.2M.
Data Sources and Methodology
This transparency report for Trustees Of The Masonic Hall And Asylum Fund 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.