Methodist Medical Center of Illinois

Analysis

Methodist Medical Center of Illinois is a registered charity in United States, based in Urbana, IL. It received its IRS tax-exemption ruling in April 1938, 88 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Methodist Medical Center of Illinois reported income of $462.9m and spending of $532.8m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $406.9m to $462.9m (+14%), an average of +3.3% a year. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Methodist Medical Center of Illinois 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 IL. Charities of a similar size with the same main cause include Camden-Clark Memorial Hospital Corporation ($461.7m), John D Archbold Memorial Hospital Inc ($462.9m) and Virtua Medical Group Pa ($460.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $6.1m (1.1% of expenses). Other salaries and wages came to $207.5m. At year end it held assets of $624.1m against liabilities of $535.1m, net assets of $88.9m. It reported 3,969 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.