Memorial Hermann Health System

Analysis

Memorial Hermann Health System is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 1973, 53 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 June 2023, Memorial Hermann Health System reported income of $7.58bn and spending of $6.95bn, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.37bn to $7.58bn (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Hermann Health System sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Hackensack Meridian Health Inc ($7.47bn), The Cleveland Clinic Foundation ($7.58bn) and Memorial Sloan-Kettering Cancer Center ($7.46bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $8.2m (0.1% of expenses). Other salaries and wages came to $2.55bn. At year end it held assets of $12.08bn against liabilities of $4.01bn, net assets of $8.07bn. It reported 34,353 employees.