Methodist Healthcare Ministries of South Texas Inc

Analysis

Methodist Healthcare Ministries of South Texas Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in January 1965, 61 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 2023, Methodist Healthcare Ministries of South Texas Inc reported income of $394.0m and spending of $139.7m, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $208.0m to $394.0m (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 34% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Methodist Healthcare Ministries of South Texas Inc sits at the 98th percentile: it is larger than about 98% of them. 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 Montefiore Health System Inc ($393.4m), St Mary Medical Center ($395.7m) and Central Arkansas Radiation Therapy Institute Inc ($393.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.5m (1.1% of expenses). Other salaries and wages came to $35.3m. At year end it held assets of $1.96bn against liabilities of $17.8m, net assets of $1.94bn. It reported 582 employees.