Methodist Hospital Self Insurance Trust

Analysis

Methodist Hospital Self Insurance Trust is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Methodist Hospital Self Insurance Trust reported income of $34.7m and spending of $22.9m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.2m to $34.7m (+209%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 214%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Methodist Hospital Self Insurance Trust sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include West Virginia Health Right Inc ($34.7m), Independent Opportunities Inc of Oklahoma ($34.7m) and Peregrine Fund Inc ($34.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $143.4m against liabilities of $0, net assets of $143.4m.