Tri-Med Family Care Inc

Analysis

Tri-Med Family Care Inc is a registered charity in United States, based in Ringgold, GA. It received its IRS tax-exemption ruling in March 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 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 December 2023, Tri-Med Family Care Inc reported income of $2.6m and spending of $2.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $2.6m (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tri-Med Family Care Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include The Southwest Council Inc ($2.6m), House of Hope Foundation Inc ($2.6m) and Secu Family House at Unc Hospitals ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $102k (4.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $4.1m against liabilities of $5.4m, net assets of -$1.3m. It reported 29 employees.