The Carle Foundation

Analysis

The Carle Foundation is a registered charity in United States, based in Urbana, IL. It received its IRS tax-exemption ruling in April 1948, 78 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, The Carle Foundation reported income of $575.4m and spending of $549.8m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $407.8m to $575.4m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Carle Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IL. Charities of a similar size with the same main cause include Princeton Healthcare System a New Jersey Non-Profit Corp ($575.2m), Prohealth Waukesha Memorial Hospital Inc ($577.3m) and St John Medical Center Inc ($574.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $10.4m (1.9% of expenses). Other salaries and wages came to $167.9m. At year end it held assets of $2.98bn against liabilities of $1.39bn, net assets of $1.58bn. It reported 3,158 employees.