Knapp Medical Center

Analysis

Knapp Medical Center is a registered charity in United States, based in Weslaco, TX. It received its IRS tax-exemption ruling in August 1963, 63 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, Knapp Medical Center reported income of $114.5m and spending of $100.9m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $178.9m to $114.5m (-36%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Knapp 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 Monadnock Community Hospital ($114.4m), Carson-Tahoe Health System ($114.8m) and Oklahoma Medical Research Foundation ($114.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.2m (1.2% of expenses). Other salaries and wages came to $32.9m. At year end it held assets of $83.4m against liabilities of $19.5m, net assets of $63.9m. It reported 748 employees.