Carmel Cares

Analysis

Carmel Cares is a registered charity in United States, based in Carmel, CA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. 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 Cares reported income of $241k and spending of $217k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $32k to $241k (+652%), an average of +96% a year. The sharpest change came in the year to December 2021, when income rose by 474%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carmel Cares sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Inland Empire Regional Broadband Consortium ($241k), Beauregard Volunteer Fire Dept Inc ($241k) and Old Elm Scholarship Foundation ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $135k against liabilities of $0, net assets of $135k.