Carle West Physician Group Inc

Analysis

Carle West Physician Group Inc is a registered charity in United States, based in Urbana, IL. It received its IRS tax-exemption ruling in April 2021, 5 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, Carle West Physician Group Inc reported income of $62.1m and spending of $115.1m, spending 185% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $13.7m to $62.1m (+355%), an average of +66% a year. The sharpest change came in the year to December 2021, when income rose by 198%. Over the whole period it spent 197% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carle West Physician Group Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Eastern Maine Healthcare Systems ($62.0m), Community Counseling of Bristol County Inc ($62.1m) and Childrens Hospital of Chicago Medical Center ($61.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $4.4m (3.8% of expenses). Other salaries and wages came to $65.7m. At year end it held assets of $8.9m against liabilities of $9.9m, net assets of -$983k. It reported 548 employees.

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.