Caresource Indiana Inc

Analysis

Caresource Indiana Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 2007, 19 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 Indiana Inc reported income of $1.22bn and spending of $1.11bn, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $641.7m to $1.22bn (+90%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 32%. 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, Caresource Indiana Inc 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 IN. Charities of a similar size with the same main cause include Baylor Scott & White Health ($1.21bn), Driscoll Childrens Health Plan ($1.23bn) and Healthtexas Provider Network ($1.21bn).

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 $463.9m against liabilities of $303.1m, net assets of $160.8m.