Carmel Foundation

Analysis

Carmel Foundation is a registered charity in United States, based in Carmel, CA. It received its IRS tax-exemption ruling in October 1953, 73 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Carmel Foundation reported income of $2.5m and spending of $2.8m, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.9m to $2.5m (-15%), an average of -5.2% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carmel Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Samaritan Homes Inc ($2.5m), East End House Inc ($2.5m) and Arkansas Advocates for Children and Families ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $319k (11% of expenses). Other salaries and wages came to $824k. At year end it held assets of $20.1m against liabilities of $192k, net assets of $19.9m. It reported 18 employees.