Methodist Healthcare-Olive Branch Hospital

Analysis

Methodist Healthcare-Olive Branch Hospital is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 2014, 12 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-Olive Branch Hospital reported income of $106.1m and spending of $110.8m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $88.5m to $106.1m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 17%. 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 Healthcare-Olive Branch Hospital sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within TN. Charities of a similar size with the same main cause include Positive Impact Health Centers Inc ($106.0m), Baystate Wing Hospital Corporation ($106.3m) and Bhmc-Conway ($105.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $452k (0.4% of expenses). Other salaries and wages came to $34.4m. At year end it held assets of $86.0m against liabilities of $1.2m, net assets of $84.8m. It reported 636 employees.