Caresource Kentucky Co

Analysis

Caresource Kentucky Co is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in July 2016, 10 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, Caresource Kentucky Co reported income of $188.3m and spending of $184.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $237.1m to $188.3m (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caresource Kentucky Co sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within KY. Charities of a similar size with the same main cause include Good Shepherd Health Care System ($188.2m), Piedmont Newton Hospital Inc ($188.4m) and St Davids Foundation ($187.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $63.1m against liabilities of $34.3m, net assets of $28.7m.