Methodist Hospital Group

Analysis

Methodist Hospital Group is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2010, 16 years ago. 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, Methodist Hospital Group reported income of $3.93bn and spending of $3.54bn, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.52bn to $3.93bn (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Methodist Hospital Group sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Nationwide Childrens Hospital ($3.89bn), Atlantic Health System Inc ($4.24bn) and Chancellor Masters & Scholars of the University of Oxford ($3.42bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $16.8m (0.5% of expenses). Other salaries and wages came to $1.19bn. At year end it held assets of $6.86bn against liabilities of $830.2m, net assets of $6.03bn. It reported 17,873 employees.