Texoma Medical Center Inc

Analysis

Texoma Medical Center Inc is a registered charity in United States, based in Denison, TX. It received its IRS tax-exemption ruling in March 1987, 39 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 June 2023, Texoma Medical Center Inc reported income of $606k and spending of $2.0m, spending 337% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $280k to $606k (+117%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 84%. Over the whole period it spent 154% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texoma Medical Center Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Diveheart Foundation ($606k), Karen Wyckoff Rein in Sarcoma ($606k) and Gilead Healing Ministries ($606k).

At year end it held assets of $6.5m against liabilities of $1.5m, net assets of $5.0m. It reported 2 employees.