Methodist Hospitals of Dallas

Analysis

Methodist Hospitals of Dallas is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 1937, 89 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 September 2023, Methodist Hospitals of Dallas reported income of $1.92bn and spending of $1.75bn, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.55bn to $1.92bn (+23%), an average of +5.4% a year. The sharpest change came in the year to September 2021, when income rose by 25%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Methodist Hospitals of Dallas 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 Sharp Healthcare ($1.90bn), St Elizabeth Medical Center Inc ($1.92bn) and HH Medstar Health Inc ($1.89bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $15.5m (0.9% of expenses). Other salaries and wages came to $822.3m. At year end it held assets of $3.34bn against liabilities of $880.0m, net assets of $2.46bn. It reported 10,678 employees.