Tricore Inc

Analysis

Tricore Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tricore Inc reported income of $65.7m and spending of $67.3m, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $47.1m to $65.7m (+39%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tricore Inc 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 100th percentile within NM. Charities of a similar size with the same main cause include Texas Health Harris Methodist Hospital Stephenville ($65.6m), Dean McGee Eye Institute ($65.8m) and Trenton Medical Center Inc ($65.6m).

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 $794k (1.2% of expenses). Other salaries and wages came to $19.9m. At year end it held assets of $27.2m against liabilities of $14.4m, net assets of $12.9m.