Sacred Heart-Our Lady of Mt Carmel Shrine Inc

Analysis

Sacred Heart-Our Lady of Mt Carmel Shrine Inc is a registered charity in United States, based in Hudson, NY. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sacred Heart-Our Lady of Mt Carmel Shrine Inc reported income of $149k and spending of $48k, leaving 68% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $149k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 38% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sacred Heart-Our Lady of Mt Carmel Shrine Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Dharmaransey Cambodia Buddhist Wat ($149k), Rock Builders Christian Ministries ($149k) and Hope Ministries of Kansas Inc ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.