Methodist Medical Center Foundation

Analysis

Methodist Medical Center Foundation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Methodist Medical Center Foundation reported income of $241k and spending of $102k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $210k to $241k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 60% 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 Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within TN. Charities of a similar size with the same main cause include Freedom House for the Carolinas Inc ($241k), Franklin Lakes Volunteer Ambulance Corps Inc ($241k) and North Carolina Business Group on Health Inc ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $1.6m against liabilities of $20k, net assets of $1.5m.