Carmelite Monastery of the Sacred Hearts

Analysis

Carmelite Monastery of the Sacred Hearts is a registered charity in United States, based in Colorado SPGS, CO. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carmelite Monastery of the Sacred Hearts reported income of $870k and spending of $513k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $553k to $870k (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carmelite Monastery of the Sacred Hearts sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CO. Charities of a similar size with the same main cause include Ng3 Organization Inc ($869k), Philadelphia City Institute ($870k) and Concern Inc ($869k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $3.2m against liabilities of $29k, net assets of $3.2m.