Memorial Hermann Medical Group

Analysis

Memorial Hermann Medical Group is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2008, 18 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 Medical Group reported income of $265.0m and spending of $388.1m, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $162.8m to $265.0m (+63%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 143% 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 Medical Group sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Baptist Health Deaconess Madisonville Inc ($264.4m), Integris Ambulatory Care Corporation ($265.8m) and Tuba City Regional Health Care Corporation ($264.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $2.1m (0.5% of expenses). Other salaries and wages came to $276.2m. At year end it held assets of $126.4m against liabilities of $997.7m, net assets of -$871.4m. It reported 2,306 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.