Medhealth

Analysis

Medhealth is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Medhealth reported income of $137.9m and spending of $225.4m, spending 163% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $97.1m to $137.9m (+42%), an average of +9.2% a year. The sharpest change came in the year to September 2021, when income rose by 21%. Over the whole period it spent 156% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medhealth sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Butler Medical Providers ($137.7m), Columbus Regional Healthcare System ($138.1m) and Area Resource for Individualized Services Inc ($137.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $7.2m (3.2% of expenses). Other salaries and wages came to $140.3m. At year end it held assets of $353.7m against liabilities of $825.4m, net assets of -$471.6m. It reported 1,196 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.