The Carle Foundation Hospital

Analysis

The Carle Foundation Hospital is a registered charity in United States, based in Urbana, IL. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research 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 Hospital reported income of $1.42bn and spending of $1.12bn, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.03bn to $1.42bn (+38%), an average of +8.4% a year. Over the whole period it spent 83% 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 Hospital 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 IL. Charities of a similar size with the same main cause include Willis-Knighton Medical Center ($1.40bn), St Lukes Hospital ($1.43bn) and Texas Health Resources ($1.39bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Other salaries and wages came to $299.8m. At year end it held assets of $648.1m against liabilities of $153.2m, net assets of $494.8m. It reported 5,371 employees.