Carle Health Medical Group

Analysis

Carle Health Medical Group is a registered charity in United States, based in Urbana, IL. It received its IRS tax-exemption ruling in June 1984, 42 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, Carle Health Medical Group reported income of $323.6m and spending of $448.6m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $299.4m to $323.6m (+8.1%), an average of +2.0% a year. Over the whole period it spent 139% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carle Health Medical Group sits at the 98th percentile: it is larger than about 98% 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 Conway Hospital Inc ($323.2m), Miami Childrens Health System Inc ($324.1m) and Thibodaux Regional Health System Inc ($323.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $6.7m (1.5% of expenses). Other salaries and wages came to $310.6m. At year end it held assets of $82.7m against liabilities of $43.2m, net assets of $39.5m. It reported 1,786 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.