Carmel Terrace Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,934,615 | 3,890,709 | 43,906 | 33.4 | 43% |
| 2012 | 3,936,358 | 3,917,642 | 18,716 | 33.6 | 45% |
| 2013 | 4,284,639 | 4,057,522 | 227,117 | 34.2 | 45% |
| 2014 | 4,485,435 | 4,355,068 | 130,367 | 33.0 | 41% |
| 2015 | 4,976,528 | 4,177,807 | 798,721 | 35.5 | 38% |
| 2016 | 4,680,368 | 3,980,990 | 699,378 | 39.8 | 40% |
| 2017 | 4,541,769 | 4,139,902 | 401,867 | 40.5 | 37% |
| 2018 | 5,291,596 | 4,269,202 | 1,022,394 | 40.1 | 39% |
| 2019 | 5,213,814 | 4,305,205 | 908,609 | 44.5 | 37% |
| 2020 | 5,181,562 | 4,272,187 | 909,375 | 48.0 | 41% |
| 2021 | 5,505,438 | 4,130,043 | 1,375,395 | 53.6 | 37% |
| 2022 | 4,336,050 | 4,158,631 | 177,419 | 46.7 | 36% |
| 2023 | 4,893,318 | 4,319,750 | 573,568 | 48.8 | 40% |
In its most recent public year (2023), this organization brought in $573,568 more than it spent. Its reserves stood at about 48.8 months of spending, up from 33.4 in 2011. Staff pay was 40% 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
Carmel Terrace 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