Caresource Foundation

Analysis

Caresource Foundation is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Caresource Foundation reported income of $3.7m and spending of $3.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.7m (+82%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caresource Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Center for Healthcare Strategies Supporting Organization Inc ($3.7m), A Haven ($3.7m) and Capital Area Trauma Regional Advisory Council ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.1m against liabilities of $399k, net assets of $737k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.