I Cantori Di Carmel

Analysis

I Cantori Di Carmel is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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 June 2024, I Cantori Di Carmel reported income of $186k and spending of $214k, spending 115% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $145k to $186k (+29%), an average of +29% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, I Cantori Di Carmel sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($186k), Fredericksburg Food Pantry Inc ($186k) and The Foundation of the American Subcontractors Association Inc ($186k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 46% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.