Stillwater Medical Group

Analysis

Stillwater Medical Group is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stillwater Medical Group reported income of $317k and spending of $5.0m, spending 1571% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $11k to $317k (+2713%), an average of +130% a year. The sharpest change came in the year to December 2021, when income rose by 415%. Over the whole period it spent 2645% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Stillwater Medical Group sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Mental Health Association of Forsyth County ($317k), Walter S Jackson Community Alcohol- Drug Rehabilition & Education Ctr ($317k) and Acromegaly Community Inc ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 6.9% of the total. At year end it held assets of $22.1m against liabilities of $5.1m, net assets of $17.0m. It reported 354 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.