Mount Carmel Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 1,518,382 | 1,583,423 | −65,041 | -0.9 | 7% |
| 2011 | 2,235,114 | 2,215,823 | 19,291 | -0.5 | 59% |
| 2012 | 2,136,917 | 2,134,476 | 2,441 | -0.8 | 0% |
| 2013 | 1,956,715 | 1,950,179 | 6,536 | -0.8 | 67% |
| 2014 | 2,339,630 | 2,210,542 | 129,088 | -0.6 | 65% |
| 2016 | 2,339,496 | 2,307,851 | 31,645 | 0.2 | 65% |
| 2017 | 2,988,518 | 2,147,041 | 841,477 | 4.9 | 65% |
| 2018 | 1,943,641 | 2,277,232 | −333,591 | 2.9 | 62% |
| 2019 | 2,439,235 | 2,550,213 | −110,978 | 2.0 | 60% |
| 2020 | 2,269,003 | 2,258,940 | 10,063 | 2.4 | 70% |
| 2021 | 2,164,623 | 1,995,954 | 168,669 | 3.7 | 72% |
| 2022 | 1,585,510 | 2,129,676 | −544,166 | 3.8 | 74% |
| 2023 | 1,743,756 | 2,229,398 | −485,642 | 1.0 | 76% |
In its most recent public year (2023), this organization spent $485,642 more than it brought in. Its reserves stood at about 1 months of spending, up from -0.9 in 2010. Staff pay was 76% of spending.
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
Mount Carmel Academy'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