Caresource Georgia Co

Analysis

Caresource Georgia Co is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 2017, 9 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 Georgia Co reported income of $1.61bn and spending of $1.48bn, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $694.0m to $1.61bn (+132%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caresource Georgia Co sits at the 100th 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 GA. Charities of a similar size with the same main cause include Prisma Health-Midlands ($1.60bn), Childrens Hospital Los Angeles ($1.61bn) and Elderplan Inc ($1.59bn).

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 $549.1m against liabilities of $347.6m, net assets of $201.5m.