TMC Medical Network

Analysis

TMC Medical Network is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in July 2017, 9 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, TMC Medical Network reported income of $55.1m and spending of $78.3m, spending 142% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $21.8m to $55.1m (+153%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 142% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, TMC Medical Network sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within AZ. Charities of a similar size with the same main cause include Hudson Valley Cardiovascular Practice PC ($55.1m), Capital Health-East Trenton Inc ($55.2m) and Hallmark Health Medical Associates Inc ($55.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $13.8m. At year end it held assets of $12.5m against liabilities of $5.9m, net assets of $6.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.