Carmel Estates Inc

Analysis

Carmel Estates Inc is a registered charity in United States, based in Hattisburg, MS. It received its IRS tax-exemption ruling in June 1998, 28 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 2023, Carmel Estates Inc reported income of $122k and spending of $164k, spending 134% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $112k to $122k (+9.3%), an average of +3.0% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carmel Estates Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within MS. Charities of a similar size with the same main cause include NVCSS Bechelli Lane Inc ($122k), At the Fountain Transitional Living ($122k) and Sanders County Community Housing Organization Inc ($122k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $506k against liabilities of $19k, net assets of $487k. It reported 2 employees.