Methodist Healthcare Foundation

Analysis

Methodist Healthcare Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 1974, 52 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Methodist Healthcare Foundation reported income of $4.7m and spending of $5.6m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.5m to $4.7m (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Methodist Healthcare Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Memphis Recovery Centers Inc ($4.7m), Fairwinds-Nantuckets Counseling Center ($4.7m) and Hope Haven Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 117% of the total. Compensation of current officers, directors and key employees was $179k (3.2% of expenses). Other salaries and wages came to $578k. It paid $13k in professional fundraising fees. At year end it held assets of $19.9m against liabilities of $775k, net assets of $19.1m. It reported 10 employees.