Carle Bromenn Medical Center

Analysis

Carle Bromenn Medical Center is a registered charity in United States, based in Urbana, IL. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carle Bromenn Medical Center reported income of $250.6m and spending of $242.8m, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $108.8m to $250.6m (+130%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 94%. 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, Carle Bromenn Medical Center 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 IL. Charities of a similar size with the same main cause include Neighborhealth Corporation ($250.6m), Florida Healthy Kids Corporation ($250.8m) and Memorial Hospital-West Volusia Inc ($250.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Other salaries and wages came to $84.2m. At year end it held assets of $68.9m against liabilities of $6.3m, net assets of $62.6m. It reported 1,787 employees.