Memorial Hermann Community Benefit Corporation

Analysis

Memorial Hermann Community Benefit Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Memorial Hermann Community Benefit Corporation reported income of $16.7m and spending of $16.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.7m to $16.7m (+32%), an average of +7.1% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Memorial Hermann Community Benefit Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Eastern Educational Television Network Inc ($16.6m), The Tech Interactive ($16.7m) and San Francisco Jazz Organization ($16.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Other salaries and wages came to $10.6m. At year end it held assets of $15.0m against liabilities of $2.0m, net assets of $13.0m. It reported 182 employees.