Hendrick Medical Center Brownwood

Analysis

Hendrick Medical Center Brownwood is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in March 2022, 4 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 August 2023, Hendrick Medical Center Brownwood reported income of $117.2m and spending of $96.6m, spending 82% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $68.1m to $117.2m (+72%), an average of +31% a year. The sharpest change came in the year to August 2022, when income rose by 61%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hendrick Medical Center Brownwood 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 Sanford Burnham Prebys Medical Discovery Institute ($117.2m), Center for Disability Services Inc ($117.3m) and Planned Parenthood Los Angeles ($117.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.2m (1.2% of expenses). Other salaries and wages came to $31.7m. At year end it held assets of $107.6m against liabilities of $71.9m, net assets of $35.7m. It reported 526 employees.