Carmi Christmas Elves Inc

Analysis

Carmi Christmas Elves Inc is a registered charity in United States, based in Carmi, IL. It received its IRS tax-exemption ruling in October 2019, 7 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 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, Carmi Christmas Elves Inc reported income of $53k and spending of $40k, leaving 24% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $81k to $53k (-35%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carmi Christmas Elves Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within IL. Charities of a similar size with the same main cause include Liberty Community Chorus ($53k), Nevadans for Cultural Preservation ($53k) and Lea County Museum Inc ($53k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 51% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.