Dallas Methodist Hospitals Foundation Inc

Analysis

Dallas Methodist Hospitals Foundation Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Dallas Methodist Hospitals Foundation Inc reported income of $18.4m and spending of $9.5m, leaving 48% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $13.8m to $18.4m (+33%), an average of +7.4% a year. The sharpest change came in the year to September 2021, when income rose by 53%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dallas Methodist Hospitals Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Envision Industries Inc ($18.4m), Linfield Christian School ($18.4m) and Drew School ($18.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $133.9m against liabilities of $855k, net assets of $133.1m.