Caresource Kentucky Co
EIN: 464991603 · Dayton, OH · NTEE: E21
| Metric | Value |
|---|---|
| Total Revenue | $390.0M |
| Total Expenses | $184.8M |
| Net Assets | $28.7M |
Is Caresource Kentucky Co Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Caresource Kentucky Co
Caresource Kentucky Co (EIN: 464991603) is a nonprofit organization based in Dayton, OH, classified under NTEE code E21. The organization reported total revenue of $390.0M and total assets of $56.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caresource Kentucky Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caresource Kentucky Co is a major nonprofit that has been operating for 10 years, with 10 years of IRS 990 filings on record (2014–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $188.3M |
| Total Expenses | $184.8M |
| Surplus / Deficit | +$3.5M |
| Total Assets | $63.1M |
| Total Liabilities | $34.3M |
| Net Assets | $28.7M |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 54.5% |
| Months of Reserves | 4.1 months |
Financial Health Grade: A
In 2023, Caresource Kentucky Co reported a surplus of $3.5M with revenue exceeding expenses, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 54.5% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.3% | -22.3% | -3.2% |
| 2022 | -25.5% | -19.6% | -21.0% |
| 2021 | +23.0% | +21.2% | +6.5% |
| 2020 | +7.4% | +15.2% | +10.3% |
| 2019 | -14.8% | -23.7% | -10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Caresource Kentucky Co has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Caresource Kentucky Co with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 54.5%.
Frequently Asked Questions about Caresource Kentucky Co
Is Caresource Kentucky Co a legitimate charity?
Caresource Kentucky Co (EIN: 464991603) is a registered tax-exempt nonprofit based in Ohio. It has 10 years of IRS 990 filings on record. Total revenue: $390.0M. No red flags identified. Financial health grade: A.
How does Caresource Kentucky Co spend its money?
Caresource Kentucky Co reported $390.0M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Caresource Kentucky Co tax-deductible?
Caresource Kentucky Co is registered as a tax-exempt nonprofit (EIN: 464991603). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Caresource Kentucky Co located?
Caresource Kentucky Co is headquartered in Dayton, Ohio and files with the IRS under EIN 464991603. It is classified under NTEE code E21.
How many years of IRS 990 filings does Caresource Kentucky Co have?
Caresource Kentucky Co has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $390.0M in total revenue.
Filing History
IRS 990 filing history for Caresource Kentucky Co showing financial trends over 10 years of public records:
Total assets increased by 1562% over the same period, from $3.8M to $63.1M. Total functional expenses rose by 55443.1%, from $333K to $184.8M. In its most recent filing year (2023), Caresource Kentucky Co reported a surplus of $3.5M, with revenue exceeding expenses. The organization holds $34.3M in liabilities against $63.1M in assets (debt-to-asset ratio: 54.5%), resulting in net assets of $28.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $188.3M | $184.8M | $63.1M | $34.3M | — | — |
| 2022 | $233.4M | $237.9M | $65.1M | $40.0M | — | View 990 |
| 2021 | $313.2M | $295.8M | $82.4M | $52.8M | — | View 990 |
| 2020 | $254.5M | $244.1M | $77.4M | $47.1M | — | View 990 |
| 2019 | $237.1M | $211.8M | $70.2M | $40.4M | — | View 990 |
| 2018 | $278.1M | $277.7M | $78.6M | $59.1M | — | View 990 |
| 2017 | $102.1M | $108.6M | $59.8M | $40.6M | — | View 990 |
| 2016 | $31.8M | $40.4M | $31.4M | $22.2M | — | View 990 |
| 2015 | $10.0M | $14.1M | $12.6M | $6.8M | — | View 990 |
| 2014 | $0 | $333K | $3.8M | $126K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $188.3M, expenses of $184.8M, and assets of $63.1M (revenue -19.3% year-over-year).
- 2022: Revenue of $233.4M, expenses of $237.9M, and assets of $65.1M (revenue -25.5% year-over-year).
- 2021: Revenue of $313.2M, expenses of $295.8M, and assets of $82.4M (revenue +23.0% year-over-year).
- 2020: Revenue of $254.5M, expenses of $244.1M, and assets of $77.4M (revenue +7.4% year-over-year).
- 2019: Revenue of $237.1M, expenses of $211.8M, and assets of $70.2M (revenue -14.8% year-over-year).
- 2018: Revenue of $278.1M, expenses of $277.7M, and assets of $78.6M (revenue +172.4% year-over-year).
- 2017: Revenue of $102.1M, expenses of $108.6M, and assets of $59.8M (revenue +221.4% year-over-year).
- 2016: Revenue of $31.8M, expenses of $40.4M, and assets of $31.4M (revenue +217.7% year-over-year).
- 2015: Revenue of $10.0M, expenses of $14.1M, and assets of $12.6M.
- 2014: Revenue of $0, expenses of $333K, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Caresource Kentucky Co:
Data Sources and Methodology
This transparency report for Caresource Kentucky Co is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.