Methodist Healthcare-Memphis

Analysis

Methodist Healthcare-Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 1935, 91 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, Methodist Healthcare-Memphis reported income of $1.94bn and spending of $2.02bn, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.02bn to $1.94bn (-4.1%), an average of -1.0% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Methodist Healthcare-Memphis sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Parkview Hospital Inc ($1.93bn), Keck Medical Center of Usc ($1.94bn) and Rady Childrens Hospital San Diego ($1.93bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $3.1m (0.2% of expenses). Other salaries and wages came to $715.3m. At year end it held assets of $1.04bn against liabilities of $81.1m, net assets of $956.1m. It reported 12,135 employees.