Mt Carmel Wellness & Community Center

Analysis

Mt Carmel Wellness & Community Center is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2023, Mt Carmel Wellness & Community Center reported income of $1.4m and spending of $1.3m, spending 90% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $823k to $1.4m (+73%), an average of +15% a year. The sharpest change came in the year to March 2021, when income rose by 355%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mt Carmel Wellness & Community Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CO. Charities of a similar size with the same main cause include Bradley Street Day Care Center ($1.4m), Partnership for Americas Children ($1.4m) and Young Mens Christian Association of Waynesboro Virginia Inc ($1.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $19k (1.5% of expenses). Other salaries and wages came to $380k. It paid $8,948 in professional fundraising fees. At year end it held assets of $11.5m against liabilities of $6.1m, net assets of $5.4m. It reported 17 employees.