The Carle Foundation
The Carle Foundation reported $693.3 million in revenue and $641.5 million in expenses for calendar year 2024. Of every $100 it spent, $43.61 went to program services, $56.39 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 84.6% of the total. The highest compensation it reported for one person was $2,348,482 (EX-OFFICIO, OFFICER - PRESIDENT & CEO). 452 people received more than $100,000 in reportable compensation. Revenue rose 70% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $641MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $693MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 43.6% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 56.4% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.2% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 84.6% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $2,348,482 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.37% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 452 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 34.1 | 6.6 |
| Independent voting board members Part VI 1a–1b | 9 of 13 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe Carle Foundation is organized and at all times operates exclusively for the benefit of, to perform the functions of, and to carry out the purposes of the following healthcare organizations which are affiliated with the corporation through the provision of financial and management assistance: the Carle Foundation hospital, carle bromenn medical center, carle eureka hospital, hoopeston community memorial hospital d/b/a carle hoopeston regional health center, richland memorial hospital d/b/a carle richland memorial hospital, the methodist medical center of illinois d/b/a carle health…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EX-OFFICIO, OFFICER - PRESIDENT & CEO Officer, 18.0 hrs/week | $2,298,226 | $0 | $50,256 | $2,348,482 |
| OFFICER - PRESIDENT, CARLE HEALTH REGIONS // EVP, CHIEF OPERATING OFFICER Officer, 14.0 hrs/week | $1,418,629 | $0 | $333,703 | $1,752,332 |
| OFFICER - EVP, CHIEF FINANCE & STRATEGY OFFICER Officer, 6.0 hrs/week | $1,175,111 | $0 | $332,566 | $1,507,677 |
| OFFICER - EVP, CHIEF MEDICAL OFFICER Officer, 20.0 hrs/week | $1,091,552 | $0 | $41,194 | $1,132,746 |
| OFFICER - EVP, CHIEF LEGAL OFFICER Officer, 18.0 hrs/week | $798,181 | $0 | $219,664 | $1,017,845 |
| OFFICER - EVP, CHIEF HUMAN RESOURCES OFFICER Officer, 20.0 hrs/week | $878,588 | $0 | $105,168 | $983,756 |
| BOARD MEMBER // PHYSICIAN Director/trustee, 0.1 hrs/week | $0 | $893,402 | $46,277 | $939,679 |
| BOARD MEMBER // PHYSICIAN Director/trustee, 1.0 hrs/week | $0 | $831,258 | $62,358 | $893,616 |
452 people received more than $100,000 in reportable compensation from The Carle Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $9.5M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b13 · 9 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 53,366
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| Epic Systems Corporation Software Support | $15,089,565 |
| Microsoft Corp Software Support | $11,367,557 |
| Health Catalyst Inc Analytics services | $10,927,802 |
| Burwood Group IT Management | $7,795,740 |
| Petry Kuhne Company Construction | $5,799,369 |
Individuals listed as contractors are left out. 248 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to The Carle Foundation totaling $7,243 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Carle Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Carle Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Carle Foundation spent in 2024, $43.61 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Our Lady of Lourdes Regional Medical CenterBaton Rouge, LA · revenue $693M · programs 78.3% · FY2025
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- Jack and Nancy Dwyer Workforce Development CenterBaltimore, MD · revenue $696M · programs 87.8% · 2024
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Questions people ask
How much of The Carle Foundation's spending goes to programs?
In calendar year 2024, The Carle Foundation reported that 43.6% of its $641.5 million in expenses went to program services, 56.4% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does The Carle Foundation pay its top executive?
The largest total compensation The Carle Foundation reported for one person in calendar year 2024 was $2,348,482, for the role of EX-OFFICIO, OFFICER - PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Carle Foundation get its money?
Of $693.3 million in revenue in calendar year 2024, 0.2% came from contributions and grants (including 0.1% from government grants) and 84.6% from program service revenue (Form 990, Part VIII).
Is The Carle Foundation a registered charity?
The IRS lists EIN 37-0673465 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533199349302938 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443209349319389 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313199349317641 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243199349323059 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103199349325470 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043219349313494 · read the filing
All filings for EIN 37-0673465: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.