Nebraska Methodist Hospital

Analysis

Nebraska Methodist Hospital is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in May 1947, 79 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, Nebraska Methodist Hospital reported income of $743.7m and spending of $658.7m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $634.5m to $743.7m (+17%), an average of +4.0% a year. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Nebraska Methodist Hospital sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NE. Charities of a similar size with the same main cause include Northwell Health Laboratories ($743.5m), Childrens Hospital & Research Center at Oakland ($745.4m) and Orlando Health Medical Group Inc ($742.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.0m (0.2% of expenses). Other salaries and wages came to $261.7m. At year end it held assets of $1.04bn against liabilities of $336.9m, net assets of $701.2m. It reported 4,506 employees.