Texas Health Harris Methodist Hospital Hurst-Euless-Bedford

Analysis

Texas Health Harris Methodist Hospital Hurst-Euless-Bedford is a registered charity in United States, based in Bedford, TX. It received its IRS tax-exemption ruling in January 1975, 51 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, Texas Health Harris Methodist Hospital Hurst-Euless-Bedford reported income of $338.6m and spending of $310.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $254.0m to $338.6m (+33%), an average of +7.4% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texas Health Harris Methodist Hospital Hurst-Euless-Bedford 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 Cayuga Medical Center at Ithaca ($338.3m), Hospital Sisters Health System ($339.3m) and Northeast Georgia Physicians Group Inc ($337.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.2m (0.7% of expenses). Other salaries and wages came to $116.7m. At year end it held assets of $167.0m against liabilities of $23.1m, net assets of $143.8m. It reported 1,881 employees.