Careoregon Inc

Analysis

Careoregon Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in June 1989, 37 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, Careoregon Inc reported income of $2.48bn and spending of $2.43bn, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.24bn to $2.48bn (+100%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 39%. 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, Careoregon Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OR. Charities of a similar size with the same main cause include Froedtert Memorial Lutheran Hospital Inc ($2.48bn), Fresno Community Hospital and Medical Center ($2.49bn) and Northwell Healthcare Inc ($2.46bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $4.0m (0.2% of expenses). Other salaries and wages came to $85.9m. At year end it held assets of $1.28bn against liabilities of $541.0m, net assets of $741.1m. It reported 1,628 employees.