Carmelite Communities Associated Inc

Analysis

Carmelite Communities Associated Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carmelite Communities Associated Inc reported income of $92k and spending of $75k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $92k (+10%), an average of +10% a year. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Carmelite Communities Associated Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within MD. Charities of a similar size with the same main cause include McQueen Universal Ministries ($92k), The Great Mahakala ($92k) and Global Church Partners ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $236k against liabilities of $27k, net assets of $209k.