Texas Health Harris Methodist Hospital Fort Worth

Analysis

Texas Health Harris Methodist Hospital Fort Worth is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in January 1957, 69 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, Texas Health Harris Methodist Hospital Fort Worth reported income of $1.23bn and spending of $1.14bn, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $875.6m to $1.23bn (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texas Health Harris Methodist Hospital Fort Worth sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Advocate North Side Health Network ($1.23bn), Community Behavorial Health ($1.24bn) and University of Wisconsin Medical Foundation Inc ($1.23bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $3.4m (0.3% of expenses). Other salaries and wages came to $378.2m. At year end it held assets of $747.8m against liabilities of $90.8m, net assets of $657.0m. It reported 5,831 employees.