Tucson Medical Center

Analysis

Tucson Medical Center is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in August 1946, 80 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, Tucson Medical Center reported income of $791.6m and spending of $769.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $615.8m to $791.6m (+29%), an average of +6.5% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tucson Medical Center sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AZ. Charities of a similar size with the same main cause include Texas Health Presbyterian Hospital Dallas ($788.7m), Covenant Medical Center Inc ($793.3m) and Port City Operating Company LLC ($784.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $7.4m (1.0% of expenses). Other salaries and wages came to $300.6m. At year end it held assets of $565.7m against liabilities of $358.0m, net assets of $207.7m. It reported 5,483 employees.