Mount Carmel Home Keens Memorial

Analysis

Mount Carmel Home Keens Memorial is a registered charity in United States, based in Kearney, NE. It received its IRS tax-exemption ruling in June 1941, 85 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Mount Carmel Home Keens Memorial reported income of $7.3m and spending of $6.9m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.5m to $7.3m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Carmel Home Keens Memorial sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within NE. Charities of a similar size with the same main cause include Missoula Developmental Service Corporation ($7.3m), Make-A-Wish Foundation of the Mid-Atlantic Inc ($7.3m) and University-Student Union Board of Cal State University Los Angeles ($7.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Other salaries and wages came to $4.2m. At year end it held assets of $4.9m against liabilities of $491k, net assets of $4.4m. It reported 232 employees.