Midwest Stone Institute

Analysis

Midwest Stone Institute is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in August 1986, 40 years ago. 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 September 2023, Midwest Stone Institute reported income of $3.5m and spending of $2.2m, leaving 37% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $3.5m (+77%), an average of +15% a year. The sharpest change came in the year to September 2021, when income rose by 84%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midwest Stone Institute 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 90th percentile, and in the 88th percentile within MO. Charities of a similar size with the same main cause include New York Ski Education Foundation Inc ($3.5m), Spanish Speaking Elderly Council - Raices Inc ($3.5m) and Capaces Leadership Institute ($3.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 39% of the total. At year end it held assets of $29.1m against liabilities of $776k, net assets of $28.3m.