Methodist Health Inc

Analysis

Methodist Health Inc is a registered charity in United States, based in Henderson, KY. It received its IRS tax-exemption ruling in February 1956, 70 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 September 2023, Methodist Health Inc reported income of $134.8m and spending of $122.2m, spending 91% of its income. Across the 6 years on record, from June 2019 to September 2023, income grew from $124.2m to $134.8m (+8.5%), an average of +1.6% a year. The sharpest change came in the year to September 2021, when income rose by 382%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Methodist Health Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Range Regional Health Services ($134.7m), Northwest Community Healthcare ($134.9m) and Satellite Healthcare Inc ($134.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.3m (1.1% of expenses). Other salaries and wages came to $33.9m. At year end it held assets of $96.9m against liabilities of $33.7m, net assets of $63.2m. It reported 755 employees.