Southlake Tri-City Management Corp

Analysis

Southlake Tri-City Management Corp is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southlake Tri-City Management Corp reported income of $59.3m and spending of $59.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $47.4m to $59.3m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southlake Tri-City Management Corp sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Ladd Memorial Hospital ($59.3m), St Lukes Hospital-Easton Campus ($59.4m) and Hiv-Aids Alliance for Region Two ($59.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $807k (1.4% of expenses). Other salaries and wages came to $16.1m. At year end it held assets of $41.9m against liabilities of $7.7m, net assets of $34.3m. It reported 429 employees.