Mt Carmel House Inc

Analysis

Mt Carmel House Inc is a registered charity in United States, based in Hilton, NY. It received its IRS tax-exemption ruling in June 1987, 39 years ago. 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 March 2024, Mt Carmel House Inc reported income of $719k and spending of $560k, leaving 22% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $715k to $719k (+0.5%), an average of +0.1% a year. The sharpest change came in the year to March 2024, when income rose by 675%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mt Carmel House Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Jacksonville Senior Wellness & Activity Center Inc ($718k), Beth Haven Terrace Inc ($719k) and Georgia Forestry Foundation Inc ($718k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 40% of the total. Compensation of current officers, directors and key employees was $78k (14% of expenses). Other salaries and wages came to $181k. At year end it held assets of $11.2m against liabilities of $19k, net assets of $11.2m. It reported 30 employees.