Mount Carmel Health Ministries Inc

Analysis

Mount Carmel Health Ministries Inc is a registered charity in United States, based in Alhambra, CA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Mount Carmel Health Ministries Inc reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.3m to $1.2m (-1.6%), an average of -0.4% a year. The sharpest change came in the year to July 2020, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Carmel Health Ministries Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Lebanon Area Foundation ($1.2m), Westport Ministry in Housing Inc ($1.2m) and C F S C Inc ($1.2m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $160k (13% of expenses). Other salaries and wages came to $587k. At year end it held assets of $298k against liabilities of $77k, net assets of $220k. It reported 9 employees.