Mount Carmel Care Center Inc

Analysis

Mount Carmel Care Center Inc is a registered charity in United States, based in Lenox, MA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mount Carmel Care Center Inc reported income of $8.7m and spending of $9.4m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.5m to $8.7m (+16%), an average of +3.7% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Carmel Care Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Community Care Connections Inc ($8.7m), Women Religious Archives Collaborative ($8.7m) and Advance Transit Inc ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $5.5m against liabilities of $4.2m, net assets of $1.3m. It reported 125 employees.