Carmelite Sisters Ofthe Divine Heart of Jesus of Kentucky Corpora

Analysis

Carmelite Sisters Ofthe Divine Heart of Jesus of Kentucky Corpora is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carmelite Sisters Ofthe Divine Heart of Jesus of Kentucky Corpora reported income of $6.8m and spending of $7.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $6.8m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carmelite Sisters Ofthe Divine Heart of Jesus of Kentucky Corpora 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 93rd percentile within KY. Charities of a similar size with the same main cause include National Childrens Advocacy Center Inc ($6.8m), Girl Scouts of Historic Georgia Inc ($6.8m) and The Arc of Southington Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 95% of the total. Other salaries and wages came to $4.0m. At year end it held assets of $7.2m against liabilities of $205k, net assets of $7.0m. It reported 170 employees.