Carestl Health

Analysis

Carestl Health is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in February 1971, 55 years ago. 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 2022, Carestl Health reported income of $30.7m and spending of $28.7m, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $24.6m to $30.7m (+25%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carestl Health 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 98th percentile, and in the 97th percentile within MO. Charities of a similar size with the same main cause include Boys & Girls Clubs of Puerto Rico Inc ($30.7m), RVC Insurance Company Inc ($30.8m) and Health Care for the Homeless Inc ($30.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $1.5m (5.3% of expenses). Other salaries and wages came to $15.6m. At year end it held assets of $8.1m against liabilities of $5.4m, net assets of $2.7m. It reported 292 employees.