Texas Medical Center

Analysis

Texas Medical Center is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 1948, 78 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Texas Medical Center reported income of $127.7m and spending of $98.8m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $112.7m to $127.7m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texas 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 99th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Calvary Hospital Inc ($127.5m), Lakeview Center Inc ($127.7m) and AIDS Arms Inc ($127.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 87% of the total. Compensation of current officers, directors and key employees was $9.3m (9.4% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $972.8m against liabilities of $356.2m, net assets of $616.5m. It reported 209 employees.