Memorial Hermann Pharmacy Services LLC

Analysis

Memorial Hermann Pharmacy Services LLC is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Memorial Hermann Pharmacy Services LLC reported income of $123.2m and spending of $117.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.1m to $123.2m (+309%), an average of +42% a year. The sharpest change came in the year to June 2020, when income rose by 76%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Hermann Pharmacy Services LLC sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Newark Wayne Community Hospital ($123.1m), Childrens Hospital Foundation ($123.3m) and Community Medical Centers Inc ($123.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $4.7m. At year end it held assets of $25.0m against liabilities of $22.2m, net assets of $2.8m.