Centene Foundation
Centene Foundation consistently spends significantly more than its annual revenue, drawing from substantial assets to fund programs.
EIN: 201298192 · Saint Louis, MO · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.9M |
| Total Expenses | $30.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $221 |
| Net Assets | $221.1M |
| Transparency Score | 92/100 |
Is Centene Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Centene Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Centene Foundation
Centene Foundation (EIN: 201298192) is a nonprofit organization based in Saint Louis, MO, classified under NTEE code T20. The organization reported total revenue of $7.9M and total assets of $221.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Centene Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Centene Foundation is a mid-size nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 13.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.7M |
| Total Expenses | $30.3M |
| Surplus / Deficit | $-22,615,452 |
| Total Assets | $221.1M |
| Total Liabilities | $1 |
| Net Assets | $221.1M |
| Operating Margin | -292.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 87.4 months |
Financial Health Grade: B
In 2024, Centene Foundation reported a deficit of $22.6M with expenses exceeding revenue, holds 87.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Centene Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -54.5% | -13.9% | -8.5% |
| 2023 | +191.9% | +21.4% | -6.7% |
| 2022 | -98.2% | -22.0% | -8.2% |
| 2021 | +981.1% | +35.4% | +10223.3% |
| 2020 | +125.5% | +68.1% | -73.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Centene Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Centene Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $22.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through mechanisms not reported as officer compensation on the 990, which is highly favorable for a foundation of this size with assets exceeding $221 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Centene Foundation's IRS 990 filings:
- Consistent expenses exceeding revenue, indicating reliance on asset drawdowns rather than self-sufficiency from annual income.
Strengths
The following positive indicators were identified for Centene Foundation:
- Substantial asset base ($221,084,856 in 202405) provides long-term financial stability.
- 0% officer compensation reported across all filings, indicating high transparency and potentially volunteer leadership.
- Minimal liabilities ($1 in recent years) suggests excellent financial management and low debt risk.
- Consistent high program spending, demonstrating strong commitment to its mission.
- Significant revenue spike in 202105 ($316,778,226) likely boosted endowment for future impact.
Frequently Asked Questions about Centene Foundation
Is Centene Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Centene Foundation (EIN: 201298192) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Centene Foundation spend its money?
Centene Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Centene Foundation tax-deductible?
Centene Foundation is registered as a tax-exempt nonprofit (EIN: 201298192). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Centene Foundation CEO make?
Centene Foundation's highest-compensated officer earns $221 annually. The organization reported $7.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Centene Foundation's spending goes to programs?
Centene Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Centene Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Centene Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Centene Foundation located?
Centene Foundation is headquartered in Saint Louis, Missouri and files with the IRS under EIN 201298192. It is classified under NTEE code T20.
How many years of IRS 990 filings does Centene Foundation have?
Centene Foundation has 11 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 $7.9M in total revenue.
Is Centene Foundation a good charity?
Yes, the Centene Foundation appears to be a good charity. It consistently directs a very high percentage of its expenses towards programs (estimated 90%), has substantial assets ($221,084,856 in 202405), and reports 0% officer compensation, all indicating strong financial health and mission focus.
Why are expenses consistently higher than revenue in recent years?
The Centene Foundation, as a grant-making foundation, appears to be strategically utilizing its substantial asset base to fund its programmatic activities. For example, in 202405, revenue was $7,724,853 while expenses were $30,340,305, indicating a planned draw-down from its over $221 million in assets to support its mission.
What caused the large revenue spike in 202105?
In 202105, the foundation reported a significant revenue of $316,778,226, which is substantially higher than other years. This could be due to a large one-time donation, a significant investment gain, or a major transfer from its parent organization, Centene Corporation, which would have significantly bolstered its endowment for future grant-making.
How does the foundation manage its large asset base?
With assets of $221,084,856 in 202405, the foundation likely employs professional investment management to ensure the long-term sustainability of its grant-making capacity, especially given its strategy of spending more than annual revenue.
Filing History
IRS 990 filing history for Centene Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Centene Foundation's revenue has grown by 408.4%, moving from $1.5M to $7.7M. Total assets increased by 7097.6% over the same period, from $3.1M to $221.1M. Total functional expenses rose by 692.6%, from $3.8M to $30.3M. In its most recent filing year (2024), Centene Foundation reported a deficit of $22.6M, with expenses exceeding revenue. The organization holds $1 in liabilities against $221.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $221.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $7.7M | $30.3M | $221.1M | $1 | — | View 990 |
| 2023 | $17.0M | $35.2M | $241.7M | $1 | — | View 990 |
| 2022 | $5.8M | $29.0M | $259.1M | $1 | — | View 990 |
| 2021 | $316.8M | $37.2M | $282.3M | $1 | — | View 990 |
| 2020 | $29.3M | $27.5M | $2.7M | $1 | — | View 990 |
| 2016 | $13.0M | $16.3M | $10.3M | $0 | — | View 990 |
| 2015 | $23.3M | $11.1M | $13.7M | $0 | — | View 990 |
| 2014 | $9.7M | $10.0M | $1.5M | $0 | — | View 990 |
| 2013 | $6.2M | $6.5M | $1.8M | $0 | — | View 990 |
| 2012 | $3.5M | $4.6M | $2.0M | $0 | — | View 990 |
| 2011 | $1.5M | $3.8M | $3.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $7.7M, expenses of $30.3M, and assets of $221.1M (revenue -54.5% year-over-year).
- 2023: Revenue of $17.0M, expenses of $35.2M, and assets of $241.7M (revenue +191.9% year-over-year).
- 2022: Revenue of $5.8M, expenses of $29.0M, and assets of $259.1M (revenue -98.2% year-over-year).
- 2021: Revenue of $316.8M, expenses of $37.2M, and assets of $282.3M (revenue +981.1% year-over-year).
- 2020: Revenue of $29.3M, expenses of $27.5M, and assets of $2.7M (revenue +125.5% year-over-year).
- 2016: Revenue of $13.0M, expenses of $16.3M, and assets of $10.3M (revenue -44.2% year-over-year).
- 2015: Revenue of $23.3M, expenses of $11.1M, and assets of $13.7M (revenue +139.3% year-over-year).
- 2014: Revenue of $9.7M, expenses of $10.0M, and assets of $1.5M (revenue +56.1% year-over-year).
- 2013: Revenue of $6.2M, expenses of $6.5M, and assets of $1.8M (revenue +77.6% year-over-year).
- 2012: Revenue of $3.5M, expenses of $4.6M, and assets of $2.0M (revenue +131.1% year-over-year).
- 2011: Revenue of $1.5M, expenses of $3.8M, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Centene Foundation:
Data Sources and Methodology
This transparency report for Centene Foundation 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.