Methodist Lebonheur Healthcare

Analysis

Methodist Lebonheur Healthcare is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 1982, 44 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, Methodist Lebonheur Healthcare reported income of $209.8m and spending of $232.7m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $166.4m to $209.8m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Methodist Lebonheur Healthcare sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TN. Charities of a similar size with the same main cause include Saint Francis Hospital Muskogee Inc ($209.7m), York Hospital ($210.4m) and St Joseph Hospital ($208.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $9.2m (4.0% of expenses). Other salaries and wages came to $94.3m. At year end it held assets of $1.47bn against liabilities of $651.4m, net assets of $820.7m. It reported 1,716 employees.