Mt Carmel High School Music Foundation

Analysis

Mt Carmel High School Music Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 1984, 42 years ago. 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 June 2024, Mt Carmel High School Music Foundation reported income of $258k and spending of $298k, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $321k to $258k (-20%), an average of -5.3% a year. The sharpest change came in the year to June 2022, when income rose by 247%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mt Carmel High School Music Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Northwest Wilderness Programs ($258k), Swedetown Trails Club ($258k) and We Care Personal Services Inc ($258k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $162k against liabilities of $4,620, net assets of $158k.