Methodist Richardson Medical Center Foundation

Analysis

Methodist Richardson Medical Center Foundation is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in June 1982, 44 years ago. 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 September 2023, Methodist Richardson Medical Center Foundation reported income of $311k and spending of $97k, leaving 69% of income unspent that year. Across the 6 years on record, from May 2019 to September 2023, income fell from $965k to $311k (-68%), an average of -20% a year. The sharpest change came in the year to May 2023, when income rose by 59%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Methodist Richardson Medical Center Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include New Bridgeville Memorial Fire Co ($311k), Inside the Outdoors Foundation ($311k) and North Kansas City Hospital Auxiliary ($311k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 120% of the total. At year end it held assets of $4.0m against liabilities of $23k, net assets of $4.0m.