Carle Eureka Hospital

Analysis

Carle Eureka Hospital 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 Eureka Hospital reported income of $28.5m and spending of $26.7m, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $10.1m to $28.5m (+183%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carle Eureka Hospital sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Progress Foundation ($28.5m), Christian Unity Hospital Corporation ($28.5m) and St Claire Real Properties Inc ($28.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $243k (0.9% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $6.7m against liabilities of $4.1m, net assets of $2.6m. It reported 182 employees.