Methodist Health System Foundation Inc

Analysis

Methodist Health System Foundation Inc is a registered charity in United States, based in Slidell, LA. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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 June 2024, Methodist Health System Foundation Inc reported income of $4.4m and spending of $5.3m, spending 122% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $4.4m (+141%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 222%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Methodist Health System Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within LA. Charities of a similar size with the same main cause include Central Illinois Service Access Inc ($4.4m), United States Pan Asian American Chamber of Commerce Education ($4.4m) and Northwest Florida State College Foundation Inc ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $998k (19% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $73.8m against liabilities of $751k, net assets of $73.0m. It reported 25 employees.