Midwest Biodiversity Institute Inc

Analysis

Midwest Biodiversity Institute Inc is a registered charity in United States, based in Hilliard, OH. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Midwest Biodiversity Institute Inc reported income of $1.6m and spending of $1.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Midwest Biodiversity Institute Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include History San Jose ($1.6m), Dorothy and Charles Mosesian Center for the Arts ($1.6m) and Southern Nevada Public Television ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $39k (2.6% of expenses). Other salaries and wages came to $702k. At year end it held assets of $555k against liabilities of $59k, net assets of $496k. It reported 24 employees.