Mount Carmel Ministries

Analysis

Mount Carmel Ministries is a registered charity in United States, based in Alexandria, MN. It received its IRS tax-exemption ruling in June 1987, 39 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, Mount Carmel Ministries reported income of $1.1m and spending of $1.5m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-6.6%), an average of -1.7% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mount Carmel Ministries sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Treasures of the Church Inc ($1.1m), Gondesan Great Merciful Water USA Association Ltd ($1.1m) and Yeshiva Mamar Mordechai Nadvorna ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $74k (5.0% of expenses). Other salaries and wages came to $524k. At year end it held assets of $6.7m against liabilities of $136k, net assets of $6.6m. It reported 57 employees.