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The Methodist Hospital Foundation

Tax-deductible

Houston, TX501(c)(3)Since 1983HospitalsEIN 76-0094743

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501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Run by 151 volunteers.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $64.0M a year · 58% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Named funders
2
named funders · $274K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 17 voting members
Looks good: 15 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$150.9M
+55% vs prior year
Spent
$57.8M
To programs
67%
Net assets
$1.0B
By yearFY2020–FY2024
Revenue
$150.9M
FY2024▲ +55%
Revenue by fiscal year
FY2020$65.9M
FY2021$99.5M
FY2022$140.3M
FY2023$97.2M
FY2024$150.9M
Expenses
$57.8M
FY2024▲ +16%
Expenses by fiscal year
FY2020$42.4M
FY2021$37.6M
FY2022$46.0M
FY2023$50.0M
FY2024$57.8M
Net assets
$1.0B
FY2024▲ +12%
Net assets by fiscal year
FY2020$668.1M
FY2021$786.5M
FY2022$786.3M
FY2023$899.6M
FY2024$1.0B

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $38.7M Management & general 4% · $2.5M Fundraising 29% · $16.6M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990.

Part VII, Section A · reportable compensation
Elizabeth Blanton Wareing
Director, Vice Chairperson
$0Pt VII · Sec A
Emily a Crosswell
Director, Secretary
$0Pt VII · Sec A
John W Johnson
Director, Chairperson
$0Pt VII · Sec A
Susan H Coulter
Director, President/CEO, Part Year
$0Pt VII · Sec A
Flynn a Andrizzi PHD
Director, President/CEO
$0Pt VII · Sec A
Ewing Werlein JR
Director, Senior Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Methodist Hospital Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides high-quality, cost-effective healthcare in a spiritual, caring environment.

Provided by the organization

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1 program service account for $38.7M of program spending, described in the organization's own filed words · FY2024.
01

Contributions to the houston methodist hospital foundation are used to fund various research, special purpose, or other designated endowment programs as requested by the donor. Special purpose funds can designate specialty care for indigent patients or other things such as stroke awareness programs for the community.

$38.7Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Alzheimer's Disease Research FoundationFY2025$259K
The Ayco Charitable FoundationFY2025$15K
Total grants receivedfrom 2 funders$274K
Grants paid · 5 grants · $156.9M · 2020–2024
The Methodist HospitalTX · FY2024$38,691,252
The Methodist HospitalTX · FY2023$34,473,381
The Methodist HospitalTX · FY2022$29,995,733
The Methodist HospitalTX · FY2021$23,899,893
The Methodist HospitalTX · FY2020$29,839,522

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$150.9M
Ln 12
Gifts and grantsLn 1h$81.1M
Investment incomeLn 3$52.9M
Other incomeLn 4–11$16.9M
Money outPt IX
$57.8M
Ln 25
Programscol B$38.7M
Managementcol C$2.5M
Fundraisingcol D$16.6M
Owns and owesPt X
$1.0B
net assets · Ln 32
Total assetsLn 16$1.0B
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$81.1M
Noncash giftsLn 1g$1.3M
Fundraising eventsLn 1c$896K
Investment incomeLn 3$52.9M
Other incomeLn 4–11$16.9M
Gains on assetsLn 7$37.4M
Total revenueLn 12$150.9M
Assets in detailPt X, end of year
InvestmentsLn 11–13$705.1M
Land, buildings, equipmentLn 10c$17K
Other assetsLn 15$209.5M
Total assetsLn 16$1.0B
LiabilitiesLn 26$1.3M
Net assetsLn 32$1.0B
OperationsPt I, VI
EmployeesI 50
VolunteersI 6151
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
InvestmentsLn 11–13$610.3M$705.1M
Land, buildings, equipmentLn 10c$17K$17K
Total assetsLn 16$900.7M$1.01B
LiabilitiesLn 26$1.2M$1.3M
Net assetsLn 32$899.6M$1.01B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$38.7M$38.7M
Payroll taxesLn 10$2K$2K
Accounting feesLn 11c$35K$35K
Investment management feesLn 11f$2.4M$2.4M
Other fees for servicesLn 11g$68K$68K
Other expenses (24a–d)Ln 24$16.6M$16.6M
Total functional expensesLn 25$57.8M$38.7M$2.5M$16.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $150.9M$57.8M$93.1M$1.0B 990 PDF
FY2023 $97.2M$50.0M$47.1M$899.6M 990 PDF
FY2022 $140.3M$46.0M$94.3M$786.3M 990 PDF
FY2021 $99.5M$37.6M$61.9M$786.5M 990 PDF
FY2020 $65.9M$42.4M$23.5M$668.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $150,906,332 across 11 lines filed
Lines not itemized here account for $38,017 of total revenue; see the IRS return.
VIII-1c Fundraising events$895,788
VIII-1d Related organizations$202,000
VIII-1f All other contributions, gifts and grants$79,997,261
VIII-1g Noncash contributions (included above)$1,320,995
VIII-1h Total contributions, gifts and grants$81,095,049
VIII-3 Investment incomeExcluded from tax $15,492,665$15,492,665
VIII-5 RoyaltiesExcluded from tax $180,781$180,781
VIII-7 Net gain or loss on sales of assetsExcluded from tax $37,370,816$37,370,816
VIII-8 Net income from fundraising eventsExcluded from tax −$127,606−$127,606
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $16,838,608 · Excluded from tax $18,002$16,856,610
VIII-12 Total revenueRelated to mission $16,876,625 · Unrelated business $0 · Excluded from tax $52,934,658$150,906,332
Part IX · Statement of functional expenses $57,799,483 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $38,691,252$38,691,252
IX-10 Payroll taxesFundraising $2,392$2,392
IX-11c Accounting feesManagement $35,000$35,000
IX-11f Investment management feesManagement $2,437,999$2,437,999
IX-11g Other fees for servicesFundraising $67,625$67,625
IX-24 Other expenses (24a–d)Fundraising $16,565,215$16,565,215
IX-25 Total functional expensesPrograms $38,691,252 · Management $2,472,999 · Fundraising $16,635,232$57,799,483
Part X · Balance sheet $1,012,959,031 assets, 13 lines filed
X-3 Pledges and grants receivableStart of year $90,452,176$94,884,200
X-4 Accounts receivableStart of year $2,257,686$2,835,809
X-10c Land, buildings and equipment, netStart of year $17,478$17,478
X-11 Publicly traded securitiesStart of year $610,282,659$705,106,701
X-14 Intangible assetsStart of year $503,870$661,343
X-15 Other assetsStart of year $197,195,753$209,453,500
X-16 Total assetsStart of year $900,709,622$1,012,959,031
X-17 Accounts payable and accrued expensesStart of year $1,150,528$1,260,300
X-26 Total liabilitiesStart of year $1,150,528$1,260,300
X-27 Net assets without donor restrictionsStart of year $1,578,753$1,820,085
X-28 Net assets with donor restrictionsStart of year $897,980,341$1,009,878,646
X-32 Total net assets or fund balancesStart of year $899,559,094$1,011,698,731
X-33 Total liabilities and net assetsStart of year $900,709,622$1,012,959,031
Part XI · Reconciliation of net assets $1,011,698,731 net assets at year end
XI-1 Total revenue$150,906,332
XI-2 Total expenses$57,799,483
XI-3 Revenue less expenses$93,106,849
XI-4 Net assets at start of year$899,559,094
XI-5 Net unrealized gains (losses) on investments$19,032,788
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,011,698,731

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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