Carmel Manor Inc

Analysis

Carmel Manor Inc is a registered charity in United States, based in Fort Thomas, KY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Carmel Manor Inc reported income of $11.3m and spending of $15.7m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.6m to $11.3m (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 122% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carmel Manor Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Chapel Haven Schleifer Center ($11.3m), Lourdes Inc ($11.3m) and Mountrail County Medical Center Inc ($11.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $3.9m. At year end it held assets of $25.0m against liabilities of $29.4m, net assets of -$4.4m. It reported 200 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.