Carle Development Foundation

Analysis

Carle Development Foundation is a registered charity in United States, based in Urbana, IL. It received its IRS tax-exemption ruling in November 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carle Development Foundation reported income of $12.6m and spending of $9.5m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $12.6m (+137%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 63% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carle Development Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Daniels Memorial Hospital ($12.6m), Peer Washington ($12.6m) and Rtog Foundation Inc ($12.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $371k (3.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $114.6m against liabilities of $20.3m, net assets of $94.3m. It reported 33 employees.