Caresource

Analysis

Caresource is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Caresource reported income of $2.55bn and spending of $1.38bn, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.71bn to $2.55bn (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 606%. 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, Caresource 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 City of Hope National Medical Center ($2.54bn), Childrens Healthcare of Atlanta Inc ($2.55bn) and Fresno Community Hospital and Medical Center ($2.49bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $36.1m (2.6% of expenses). Other salaries and wages came to $583.0m. At year end it held assets of $3.55bn against liabilities of $616.5m, net assets of $2.93bn. It reported 5,303 employees.