Mount Carmel Church In Minneapolis Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 23,735 | 129,496 | −105,761 | 52.9 | 0% |
| 2012 | 20,217 | 30,672 | −10,455 | 242.0 | 0% |
| 2013 | 17,537 | 32,505 | −14,968 | 236.9 | 0% |
| 2014 | 21,503 | 57,346 | −35,843 | 129.3 | 0% |
| 2015 | 9,548 | 22,114 | −12,566 | 312.7 | 0% |
| 2016 | 24,355 | 31,881 | −7,526 | 226.4 | 0% |
| 2017 | 6,917 | 27,150 | −20,233 | 282.1 | 0% |
| 2018 | 15,849 | 43,232 | −27,383 | 165.3 | 0% |
| 2019 | 108,520 | 35,513 | 73,007 | 234.3 | 0% |
| 2020 | 31,606 | 29,925 | 1,681 | 290.0 | 0% |
| 2021 | 47,604 | 46,409 | 1,195 | 193.1 | 0% |
| 2022 | 29,781 | 94,448 | −64,667 | 75.1 | 0% |
| 2023 | 5,650 | 46,067 | −40,417 | 157.3 | 0% |
In its most recent public year (2023), this organization spent $40,417 more than it brought in. Its reserves stood at about 157.3 months of spending, up from 52.9 in 2011. Staff pay was 0% 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 Church In Minneapolis Foundation'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