Methodist Childrens Hospital

Analysis

Methodist Childrens Hospital is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in December 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 Childrens Hospital reported income of $413.2m and spending of $361.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $351.6m to $413.2m (+18%), an average of +4.1% a year. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Methodist Childrens Hospital sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Hamilton Medical Center Inc ($412.9m), Blanchard Valley Regional Health Center ($413.6m) and Alzheimers Disease and Related Disorders Association Inc ($412.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $953k (0.3% of expenses). Other salaries and wages came to $66.2m. At year end it held assets of $551.1m against liabilities of $63.4m, net assets of $487.6m. It reported 1,183 employees.