Mount Carmel Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,151,246 | 1,033,888 | 1,117,358 | 76.1 | 45% |
| 2021 | 1,629,669 | 1,290,263 | 339,406 | 64.1 | 38% |
| 2022 | 1,531,612 | 1,491,752 | 39,860 | 55.7 | 39% |
| 2023 | 1,119,096 | 1,469,000 | −349,904 | 53.8 | 41% |
In its most recent public year (2023), this organization spent $349,904 more than it brought in. Its reserves stood at about 53.8 months of spending, down from 76.1 in 2020. Staff pay was 41% of spending. $622,199 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
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