Stowers Institute for Medical Research

Analysis

Stowers Institute for Medical Research is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Stowers Institute for Medical Research reported income of $41.0m and spending of $49.5m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $73.4m to $41.0m (-44%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Stowers Institute for Medical Research sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MO. Charities of a similar size with the same main cause include Stony Brook Orthopaedic Associates University Faculty Practice Corp ($41.0m), Brodstone Memorial Hospital ($41.1m) and St Marys Medical Group Inc ($41.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $1.5m (3.1% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $199.2m against liabilities of $29.6m, net assets of $169.6m.