Methodist Medical Center Inc

Analysis

Methodist Medical Center Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in September 1967, 59 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 June 2023, Methodist Medical Center Inc reported income of $102k and spending of $1.5m, spending 1468% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $64k to $102k (+60%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 46747%. Over the whole period it spent 863% 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 Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Ihope Christian Care and Counseling ($102k), Justin W Jennings Foundation ($102k) and Run for the Stripes Inc ($101k).

At year end it held assets of $58.0m against liabilities of $71.4m, net assets of -$13.5m.

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.