Caresource Ohio Inc

Analysis

Caresource Ohio Inc is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Caresource Ohio Inc reported income of $8.53bn and spending of $7.98bn, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.15bn to $8.53bn (+4.6%), an average of +1.1% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caresource Ohio Inc sits at the 100th 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 OH. Charities of a similar size with the same main cause include The Cleveland Clinic Foundation ($7.58bn), Bon Secours Mercy Health Inc ($8.71bn) and Memorial Hermann Health System ($7.58bn).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $2.23bn against liabilities of $1.41bn, net assets of $819.8m.