New Mount Carmel Foundation Inc

Analysis

New Mount Carmel Foundation Inc is a registered charity in United States, based in Cody, WY. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, New Mount Carmel Foundation Inc reported income of $883k and spending of $1.9m, spending 214% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $883k (-58%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 1088%. Over the whole period it spent 21% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Mount Carmel Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within WY. Charities of a similar size with the same main cause include House of Hope Orlando Inc ($883k), Lovers Lane United Methodist Churchfoundation ($883k) and Albany Catholic Press Assn Inc ($882k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 4.1% of the total. At year end it held assets of $40.3m against liabilities of $34k, net assets of $40.3m.