Methodist Hospital Plainview Texas

Analysis

Methodist Hospital Plainview Texas is a registered charity in United States, based in Plainview, TX. It received its IRS tax-exemption ruling in November 1992, 34 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, Methodist Hospital Plainview Texas reported income of $65.9m and spending of $79.3m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $48.8m to $65.9m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 115% 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 Plainview Texas 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 Communicare Inc ($65.8m), Wisconsin Illinois Senior Housing Inc ($65.9m) and Barlow Respiratory Hospital ($65.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $301k (0.4% of expenses). Other salaries and wages came to $21.0m. At year end it held assets of $96.7m against liabilities of $29.4m, net assets of $67.3m. It reported 499 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.