Mount Carmel Guild

Analysis

Mount Carmel Guild is a registered charity in United States, based in Trenton, NJ. 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 June 2023, Mount Carmel Guild reported income of $801k and spending of $767k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $664k to $801k (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Carmel Guild sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Ballroom Basix USA Inc ($801k), Wright Institute Los Angeles ($801k) and Penacook Civil Defense Rescue Squad ($801k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $72k (9.4% of expenses). Other salaries and wages came to $251k. At year end it held assets of $1.2m against liabilities of $165k, net assets of $1.0m. It reported 12 employees.