Mount Carmel Academy

Analysis

Mount Carmel Academy is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mount Carmel Academy reported income of $1.7m and spending of $2.2m, spending 128% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.3m to $1.7m (-23%), an average of -8.4% a year. The sharpest change came in the year to June 2022, when income dropped by 27%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mount Carmel Academy sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Notley Impact ($1.7m), Central State University Innovation and Development Foundation ($1.7m) and Association of Defense Communities ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $800k against liabilities of $617k, net assets of $183k. It reported 51 employees.