The Methodist Hospitals Inc

Analysis

The Methodist Hospitals Inc is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in September 1942, 84 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research 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 Inc reported income of $472.2m and spending of $485.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $383.3m to $472.2m (+23%), an average of +5.4% a year. Over the whole period it spent 100% 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 Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IN. Charities of a similar size with the same main cause include Lawrence and Memorial Hospital Inc ($471.8m), Stanford Health Care Tri-Valley ($472.3m) and St Joseph Regional Health Center ($471.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $3.3m (0.7% of expenses). Other salaries and wages came to $160.9m. At year end it held assets of $381.8m against liabilities of $129.4m, net assets of $252.4m. It reported 2,833 employees.