The Carmelite System Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 1,536,768 | 1,548,429 | −11,661 | 5.3 | 80% |
| 2011 | 1,590,202 | 1,525,298 | 64,904 | 7.0 | 76% |
| 2012 | 1,549,925 | 1,562,247 | −12,322 | 6.7 | 78% |
| 2013 | 2,480,084 | 1,805,661 | 674,423 | 1.3 | 78% |
| 2014 | 5,139,634 | 2,163,385 | 2,976,249 | 26.1 | 76% |
| 2015 | 2,549,844 | 2,876,633 | −326,789 | 19.1 | 66% |
| 2016 | 4,399,000 | 4,238,643 | 160,357 | 18.4 | 62% |
| 2017 | 3,545,423 | 4,388,246 | −842,823 | 18.4 | 61% |
| 2018 | 4,553,853 | 5,107,583 | −553,730 | 14.3 | 53% |
| 2019 | 5,138,039 | 7,039,008 | −1,900,969 | 8.2 | 44% |
| 2020 | 5,460,900 | 8,041,456 | −2,580,556 | 3.4 | 44% |
| 2021 | 9,589,225 | 9,747,288 | −158,063 | 2.6 | 52% |
| 2022 | 11,425,004 | 7,215,553 | 4,209,451 | 10.5 | 69% |
| 2023 | 10,638,217 | 7,367,172 | 3,271,045 | 15.6 | 67% |
In its most recent public year (2023), this organization brought in $3,271,045 more than it spent. Its reserves stood at about 15.6 months of spending, up from 5.3 in 2010. Staff pay was 67% of spending. $2,000 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
The Carmelite System Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works