Carmel Christkindlmarkt Inc

Analysis

Carmel Christkindlmarkt Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Carmel Christkindlmarkt Inc reported income of $1.7m and spending of $1.3m, spending 80% of its income. Across the 6 years on record, from December 2018 to March 2023, income grew from $568k to $1.7m (+192%), an average of +24% a year. The sharpest change came in the year to March 2020, when income rose by 3910%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carmel Christkindlmarkt Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Historical Association of South Haven ($1.7m), Orchestra Lumos Inc ($1.7m) and Old Town Artisan Studio Inc ($1.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 2.7% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $148k (11% of expenses). Other salaries and wages came to $2,740. At year end it held assets of $1.3m against liabilities of $128k, net assets of $1.2m. It reported 2 employees.