TMC Health Foundation

Analysis

TMC Health Foundation is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in May 1986, 40 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 2022, TMC Health Foundation reported income of $11.1m and spending of $4.8m, leaving 57% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $7.0m to $11.1m (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 271%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, TMC Health Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within AZ. Charities of a similar size with the same main cause include Center for Healthcare Research & Transformation ($11.1m), Active Minds Inc ($11.1m) and The Childrens Community Programs of Connecticut Inc ($11.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $606k. At year end it held assets of $62.6m against liabilities of $1.1m, net assets of $61.4m.