Tricore Laboratory Services Corporation

Analysis

Tricore Laboratory Services Corporation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 2005, 21 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, Tricore Laboratory Services Corporation reported income of $122.9m and spending of $122.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $94.9m to $122.9m (+30%), an average of +6.7% a year. 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, Tricore Laboratory Services Corporation 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 NM. Charities of a similar size with the same main cause include St Bernard Hospital ($122.7m), Community Medical Centers Inc ($123.0m) and Crisp Regional Hospital Inc ($122.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.3m (1.0% of expenses). Other salaries and wages came to $42.2m. At year end it held assets of $24.4m against liabilities of $11.0m, net assets of $13.4m.