Masters Institute

Analysis

Masters Institute is a registered charity in United States, based in White Bear LK, MN. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Masters Institute reported income of $353k and spending of $330k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $343k to $353k (+2.7%), an average of +0.7% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Masters Institute sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include International Leadership Foundation for Adventist Colleges and Univer ($353k), Operation Rebirth Inc ($353k) and National Coalition of Advanced Technology Centers ($353k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $41k (12% of expenses). Other salaries and wages came to $177k. At year end it held assets of $110k against liabilities of $22k, net assets of $88k. It reported 6 employees.