Texas Health Hospital Frisco

Analysis

Texas Health Hospital Frisco is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in July 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, Texas Health Hospital Frisco reported income of $172.3m and spending of $151.3m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $172.3m (+11170%), an average of +226% a year. The sharpest change came in the year to December 2020, when income rose by 3643%. Over the whole period it spent 100% 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 Hospital Frisco 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 100th percentile within TX. Charities of a similar size with the same main cause include Greenville Health Corporation ($171.8m), Southern Health Care Alliance ($172.7m) and Pace Southeast Michigan ($171.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.6m (1.1% of expenses). Other salaries and wages came to $47.6m. At year end it held assets of $274.1m against liabilities of $13.7m, net assets of $260.4m. It reported 731 employees.