The Carle Foundation
Only 44% goes to programs $0 to raise $100 Strong reserves Growing revenue
The Carle Foundation is a 501(c)(3) organization based in Urbana, Illinois, registered in 1948, with $693,331,990 in FY2024 revenue. CharityIndex grades it C+, and it directs about 44% of spending to programs.
611 W Park St, Urbana, IL, 61801 EIN 37-0673465 Since 1948
Revenue (FY2024)
$693.3M
▲ 20.5% vs prior year
Health median: $840K
Expenses (FY2024)
$641.5M
Net assets
$1.8B
Employees
3,366
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →DProgram efficiency40% of the rating44% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The Carle Foundation: 44% to programs · $0 to raise $100 earns a D on this criterion. See the exact thresholds →
AFinancial health25% of the rating34 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Carle Foundation: 34 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The Carle Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Carle Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To be the trusted partner in all healthcare decisions and to improve health by providing highly accessible, world-class care and services.
Contact & location
- Address
- 611 W Park St, Urbana, IL, 61801
- City
- Urbana
- State
- Illinois
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $249.3M (FY2013) to $693.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.4BNet assets $1.8B
Operating margin
7.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.3B
Total liabilities
$1.4B
Net assets
$1.8B
Salaries & benefits
$289.1M
45% of expenses
Board members
13
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $693,331,990▲20.5% | $641,458,723▲16.7% | $1,823,153,837▲15.1% | $3,261,726,458▲9.6% | 990 |
| 2023 | $575,377,812▲19.4% | $549,795,506▲15.6% | $1,583,887,552▼13.0% | $2,977,227,900▼0.4% | 990 |
| 2022 | $481,907,573▼13.3% | $475,536,731▲4.3% | $1,819,994,799▼12.8% | $2,988,243,749▼8.6% | 990 |
| 2021 | $555,725,730▲28.5% | $455,943,265▲18.9% | $2,086,484,588▲11.0% | $3,268,207,661▲18.0% | 990 |
| 2020 | $432,389,749▲6.0% | $383,572,381▲14.9% | $1,879,018,477▲6.3% | $2,769,352,943▲4.2% | 990 |
| 2019 | $407,827,505▲18.6% | $333,842,083▲8.0% | $1,767,007,012▲24.7% | $2,657,419,618▲14.2% | 990 |
| 2018 | $343,877,589▲18.8% | $309,074,036▼0.8% | $1,417,331,724▲8.0% | $2,326,262,647▲4.6% | 990 |
| 2017 | $289,560,719▲11.6% | $311,547,888▲32.8% | $1,312,304,716▲22.2% | $2,224,978,627▲14.6% | 990 |
| 2016 | $259,499,542▼7.6% | $234,587,866▼14.1% | $1,073,577,370▲19.8% | $1,941,157,795▲23.2% | 990 |
| 2015 | $280,891,315▲4.9% | $273,159,114▲17.8% | $896,069,201▲12.0% | $1,576,207,807▲7.7% | 990 |
| 2014 | $267,896,240▲7.4% | $231,820,864▲17.6% | $799,917,596▲7.9% | $1,463,428,117▲5.4% | 990 |
| 2013 | $249,333,345 | $197,166,852▲0.1% | $741,072,562▲28.0% | $1,388,468,002▲11.4% | 990 |
| 2012 | — | $196,938,665▼11.5% | $578,958,405▲24.4% | $1,245,997,769▲9.7% | 990 |
| 2011 | — | $222,589,893▲251% | $465,416,214▲9.0% | $1,136,001,019▲34.5% | 990 |
| 2009 | — | $63,427,851 | $426,976,462 | $844,398,339 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: James C Leonard Md — $2,298,226 (0.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| James C Leonard Md | Ex-officio, Officer - President & Ceo | 18 | $2,298,226 |
| Matthew Kolb Jd Mha | Officer - President, Carle Health Regions // Evp, Chief Operating Officer | 14 | $1,418,629 |
| Dennis Hesch | Officer - Evp, Chief Finance & Strategy Officer | 6 | $1,175,111 |
| Napoleon Knight Md Mba | Officer - Evp, Chief Medical Officer | 20 | $1,091,552 |
| Lauren Schmid Mba | Officer - Evp, Chief Human Resources Officer | 20 | $878,588 |
| Laurence Fallon Jd | Officer - Evp, Chief Legal Officer | 18 | $798,181 |
| Colleen Kannaday | President, Carle Health - Central Region | 5 | $673,013 |
| Dawn Walden | Svp, Chief Revenue Cycle Officer | 23 | $653,053 |
| Elizabeth Angelo Dnp Rn-bc | President, Carle Health - East Region // Chief Nursing Officer | 0 | $621,149 |
| John Wieland Md | Associate Chief Medical Officer, Bromenn & Eureka | 0 | $619,107 |
| Caleb Miller | Svp, Surgical Services & Ambulatory Care | 10 | $540,975 |
| Richard Rinehart | Vp, Information Technology & Chief Information Officer | 1 | $496,973 |
| Scott Hendrie | Vp, Finance & Treasury | 16 | $416,624 |
| Mary Treacy-shiff | Vp, Finance & Reporting | 10 | $348,015 |
| Nicholas Crompton | Vp, Construction & Facility Services | 21 | $303,209 |
| Aja Lystila Md | Board Member // Physician | 0.1 | — |
| Charles Dennis Md | Former Officer | 0 | — |
| Debbie Simon | Board Member | 1 | — |
| Dennis Triggs Jd | Board Member | 1 | — |
| Jamel Wright Phd | Board Member | 4 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| 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 |
Grants received · $15K total
1 grant to The Carle Foundation totaling $15K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Cancer Society Inc | Patient support | 2022 | $15,000 |
Grants made · $3.4M in FY2024
2 grants totaling $3.4M in FY2024. All grants made by The Carle Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Carle Development Foundation | Internal funding | $3,138,540 |
| The Carle Foundation Hospital | Internal funding | $278,340 |
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Compare The Carle Foundation
Frequently asked questions
- Is The Carle Foundation a legitimate nonprofit?
- Yes. The Carle Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 37-0673465, based in Urbana, Illinois. Donations are tax-deductible.
- What is The Carle Foundation's EIN?
- The Carle Foundation's Employer Identification Number (EIN) is 37-0673465.
- How much revenue does The Carle Foundation report?
- The Carle Foundation reported $693,331,990 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of The Carle Foundation's spending goes to programs?
- The Carle Foundation spends about 44% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Carle Foundation have?
- CharityIndex grades The Carle Foundation C+, based on program efficiency and fundraising cost.
- How much does The Carle Foundation's highest-paid employee make?
- The highest reported compensation on The Carle Foundation's latest Form 990 is $2,298,226, paid to James C Leonard Md (Ex-officio, Officer - President & Ceo).
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Data for The Carle Foundation (EIN 37-0673465) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.