Our Lady of Mount Carmel

Analysis

Our Lady of Mount Carmel is a registered charity in United States, based in Berkeley HTS, NJ. 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, Our Lady of Mount Carmel reported income of $61k and spending of $58k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $68k to $61k (-11%), an average of -11% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Lady of Mount Carmel sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 31st percentile within NJ. Charities of a similar size with the same main cause include Beckum Stapleton Little League Baseball Inc ($61k), Yampa Valley Streamside Improvement Charitable Trust ($61k) and Shawano County Historical Society Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 85% of the total. At year end it held assets of $175k against liabilities of $0, net assets of $175k.