Methodist Fremont Health

Analysis

Methodist Fremont Health is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in June 2019, 7 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 Fremont Health reported income of $156.4m and spending of $131.4m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $124.1m to $156.4m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Methodist Fremont Health 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 100th percentile, and in the 99th percentile within NE. Charities of a similar size with the same main cause include Hebrew Rehabilitation Center ($156.1m), Mountain Park Health Center ($156.6m) and Deaconess Clinic Inc ($156.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $884k (0.7% of expenses). Other salaries and wages came to $58.9m. At year end it held assets of $146.1m against liabilities of $47.1m, net assets of $99.0m. It reported 980 employees.