The Methodist Hospital

Analysis

The Methodist Hospital is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2010, 16 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 2022, The Methodist Hospital reported income of $2.90bn and spending of $2.69bn, spending 93% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $2.15bn to $2.90bn (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Methodist Hospital 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 University of Chicago Medical Center ($2.89bn), Corewell Health ($2.93bn) and Prisma Health - Upstate ($2.85bn).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $16.5m (0.6% of expenses). Other salaries and wages came to $724.3m. At year end it held assets of $9.86bn against liabilities of $3.25bn, net assets of $6.62bn. It reported 13,509 employees.