The Methodist Hospitals Foundation Inc

Analysis

The Methodist Hospitals Foundation Inc is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in August 2010, 16 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, The Methodist Hospitals Foundation Inc reported income of $1.1m and spending of $793k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $177k to $1.1m (+517%), an average of +58% a year. The sharpest change came in the year to December 2020, when income rose by 132%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Methodist Hospitals Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Ronald McDonald House of Mid- Michigan Inc ($1.1m), Brenham Pregnancy Center ($1.1m) and Sierra Pregnancy & Health ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $939k against liabilities of $301k, net assets of $638k.