Mount Carmel Housing Inc

Analysis

Mount Carmel Housing Inc is a registered charity in United States, based in N Bethesda, MD. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2021, Mount Carmel Housing Inc reported income of $1.2m and spending of $1.5m, spending 128% of what it took in. Across the 4 years on record, from December 2018 to December 2021, income grew from $200k to $1.2m (+475%), an average of +79% a year. The sharpest change came in the year to December 2019, when income rose by 960%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mount Carmel Housing Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Mapes Boulevard H D F C Corp ($1.1m), Rise Community Development ($1.2m) and Carneys Point Inc ($1.1m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $51k. At year end it held assets of $10.1m against liabilities of $11.5m, net assets of -$1.4m.