Mt Carmel Inc

Analysis

Mt Carmel Inc is a registered charity in United States, based in Kansas City, KS. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Mt Carmel Inc reported income of $525k and spending of $683k, spending 130% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $522k to $525k (+0.5%), an average of +0.2% a year. Over the whole period it spent 131% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mt Carmel Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KS. Charities of a similar size with the same main cause include Building Our Tech Inc ($524k), Urban Commonwealth CDC Inc ($525k) and Spokane County Sheriff Community ($524k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $89k. At year end it held assets of -$2.3m against liabilities of $0, net assets of -$2.3m. It reported 4 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.