Methodist Hospital Levelland

Analysis

Methodist Hospital Levelland is a registered charity in United States, based in Levelland, TX. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Methodist Hospital Levelland reported income of $25.0m and spending of $32.8m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $26.4m to $25.0m (-5.5%), an average of -1.4% a year. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Methodist Hospital Levelland sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include McCurtain Memorial Medical Management Inc ($24.9m), Mizell Memorial Hospital Inc ($25.0m) and Regional West Health Services ($24.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $280k (0.9% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $34.4m against liabilities of $12.1m, net assets of $22.3m. It reported 225 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.