Methodist Medical Center

Analysis

Methodist Medical Center is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in December 1960, 66 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 Medical Center reported income of $169.1m and spending of $185.2m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $169.0m to $169.1m (+0.1%), an average of +0.0% a year. Over the whole period it spent 102% 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 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 100th percentile, and in the 100th percentile within TN. Charities of a similar size with the same main cause include Louisiana State University of Medicine in New Orleans ($168.1m), St Catherine Hospital Inc ($169.4m) and Montefiore New Rochelle Hospital ($167.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $745k (0.4% of expenses). Other salaries and wages came to $47.7m. At year end it held assets of $95.1m against liabilities of $23.7m, net assets of $71.4m. It reported 1,046 employees.