Methodist Hospital Fdn

Organization Overview

Methodist Hospital Fdn is located in Philadelphia, PA. The organization was established in 1977. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methodist Hospital Fdn is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Methodist Hospital Fdn generated $725.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $258.0k during the year ending 06/2021. While expenses have increased by 2.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Methodist Hospital Fdn has awarded 41 individual grants totaling $1,416,215. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE FUNDS AND PROVIDE GRANTS TO SUPPORT THE DELIVERY OF HEALTHCARE SERVICES AT METHODIST HOSPITAL AND WITHIN THE SURROUNDING COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES INCURRED IN RAISING FUNDS AND PROVIDING GRANTS TO SUPPORT THE DELIVERY OF HEALTHCARE SERVICES AT METHODIST HOSPITAL AND WITHIN THE SURROUNDING COMMUNITY.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$66,920
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$66,920
Total Program Service Revenue$0
Investment income $12,983
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $653,095
Net Income from Fundraising Events -$11,964
Net Income from Gaming Activities $4,710
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $725,744

Grants Awarded

Over the last fiscal year, Methodist Hospital Fdn has awarded $161,571 in support to 7 organizations.

Grant RecipientAmount

KENNEDY UNIVERSITY HOSPITAL INC

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: PROGRAM SUPPORT

$71,571

THOMAS JEFFERSON UNIVERSITY

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: PROGRAM SUPPORT

$35,000

CARING PEOPLE ALLIANCE

PURPOSE: GENERAL SUPPORT

$15,000

CHILDREN'S SCHOLARSHIP FUND PHILADELPHIA

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: PROGRAM SUPPORT

$10,000

AUGUSTINIAN DEF OF THE RIGHTS OF THE POOR

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: PROGRAM SUPPORT

$10,000

CAMBODIAN ASSOCIATION OF GREATER PHILA

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: GENERAL SUPPORT

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Methodist Hospital Fdn has recieved totaling $1,000.

Awarding OrganizationAmount
Honickman Foundation

Philadlphia, PA

PURPOSE: GENERAL FUNDS

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$10,560,132
Earnings$2,889,062
Other Expense$371,570
Ending Balance$13,077,624

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