Midwest Veterans Biomedical Research Foundation

Analysis

Midwest Veterans Biomedical Research Foundation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in October 1989, 37 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 September 2023, Midwest Veterans Biomedical Research Foundation reported income of $2.3m and spending of $2.3m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.8m to $2.3m (-19%), an average of -5.2% a year. The sharpest change came in the year to September 2020, when income dropped by 33%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Midwest Veterans Biomedical Research Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within MO. Charities of a similar size with the same main cause include Northampton Regional Emergency Medical Services ($2.3m), Parents Foundation for Transitional Living Inc ($2.3m) and Valley Emergency Medical Services Inc ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $78k (3.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.2m against liabilities of $178k, net assets of $3.0m. It reported 46 employees.