THE CARLE FOUNDATION
611 W PARK ST, URBANA, IL · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $693,331,990 | $641,458,723 | $1,823,153,837 |
| FY2023 | $575,377,812 | $549,795,506 | $1,583,887,552 |
| FY2022 | $481,907,573 | $475,536,731 | $1,819,994,799 |
| FY2021 | $555,725,730 | $455,943,265 | $2,086,484,588 |
| FY2020 | $432,389,749 | $383,572,381 | $1,879,018,477 |
| FY2019 | $407,827,505 | $333,842,083 | $1,767,007,012 |
| FY2018 | $343,877,589 | $309,074,036 | $1,417,331,724 |
| FY2017 | $289,560,719 | $311,547,888 | $1,312,304,716 |
| FY2016 | $259,499,542 | $234,587,866 | $1,073,577,370 |
| FY2015 | $280,891,315 | $273,159,114 | $896,069,201 |
| FY2014 | $267,896,240 | $231,820,864 | $799,917,596 |
| FY2013 | $249,333,345 | $197,166,852 | $741,072,562 |
| FY2012 | $218,449,064 | $196,938,665 | $578,958,405 |
| FY2011 | $254,137,511 | $222,589,893 | $465,416,214 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $1,269,083 | 0% |
| Program service revenue | $586,728,208 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $279,757,509 | 44% |
| Management & general | $361,701,214 | 56% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 44% of functional expenses, management & general 56%, and fundraising 0%.
- 44% of functional expenses went to program services in FY2024. That is higher than 2.1% of 188 Health Care organizations in IL.
- Net assets covered about 34.1 months of expenses at the end of the reporting year. That puts it in the 71st percentile among 691 Health Care organizations in IL.
- Total revenue was higher than 98% of 709 Health Care organizations in IL.
- Total revenue rose from $254,137,511 in FY2011 to $693,331,990 in FY2024, Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2017).
- Net assets grew from $465,416,214 to $1,823,153,837 between FY2011 and FY2024.
- Donations may be deductible (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO BE THE TRUSTED PARTNER IN ALL HEALTHCARE DECISIONS AND TO IMPROVE HEALTH BY PROVIDING HIGHLY ACCESSIBLE, WORLD-CLASS CARE AND SERVICES.
IRS status
| Ruling year | 1948 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E210 — Health Care (in IL) |
| Donations | Donations may be deductible (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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