Caresource West Virginia Co

Analysis

Caresource West Virginia Co is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in August 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 West Virginia Co reported income of $103.3m and spending of $96.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $52.4m to $103.3m (+97%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caresource West Virginia Co sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WV. Charities of a similar size with the same main cause include Msu Health Care Inc ($103.2m), Puerto Rican Orgnz to Motivate Enlighten & Serve Addicts Inc ($103.4m) and Reid Physician Associates Inc ($103.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $68.6m against liabilities of $57.1m, net assets of $11.5m.