Texas Health Harris Methodist Hospital Stephenville

Analysis

Texas Health Harris Methodist Hospital Stephenville is a registered charity in United States, based in Stephenville, TX. It received its IRS tax-exemption ruling in August 1981, 45 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 Stephenville reported income of $65.6m and spending of $61.2m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $48.9m to $65.6m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 92% 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 Stephenville sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Trenton Medical Center Inc ($65.6m), Tricore Inc ($65.7m) and Columbiadoctors Newyork-Presbyterian Imaging ($65.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.0m (1.7% of expenses). Other salaries and wages came to $21.5m. At year end it held assets of $39.7m against liabilities of $14.6m, net assets of $25.1m. It reported 342 employees.