Mount Carmel Education Foundation

Analysis

Mount Carmel Education Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Mount Carmel Education Foundation reported income of $913k and spending of $902k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2024, income grew from $617k to $913k (+48%), an average of +48% a year. The sharpest change came in the year to June 2024, when income rose by 48%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mount Carmel Education Foundation 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 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Academy of Orton-Gillingham Practitioners and Educators ($913k), Rise School of Corpus Christi Inc ($913k) and Castle Rock Christian Academy ($913k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $466k against liabilities of $0, net assets of $466k.