Stowers Resource Management Inc

Analysis

Stowers Resource Management Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Stowers Resource Management Inc reported income of $21.0m and spending of $68.7m, spending 328% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $146.9m to $21.0m (-86%), an average of -38% a year. The sharpest change came in the year to June 2023, when income dropped by 86%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Stowers Resource Management Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MO. Charities of a similar size with the same main cause include First Choice Health Centers Inc ($21.0m), North Olympic Healthcare Network ($21.0m) and Exceptional Family Resources Inc ($21.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.6% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $3.0m (4.4% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $1.75bn against liabilities of $296.5m, net assets of $1.46bn.