Mt Carmel Redevelopment Corporation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 958,838 | 801,209 | 157,629 | 50.4 | 43% |
| 2011 | 858,644 | 960,432 | −101,788 | 40.4 | 35% |
| 2012 | 1,200,142 | 1,319,052 | −118,910 | 28.3 | 24% |
| 2013 | 591,256 | 731,769 | −140,513 | 48.0 | 43% |
| 2014 | 722,362 | 813,056 | −90,694 | 40.0 | 37% |
| 2015 | 651,377 | 717,087 | −65,710 | 44.2 | 44% |
| 2016 | 537,303 | 705,321 | −168,018 | 42.1 | 42% |
| 2017 | 415,668 | 559,910 | −144,242 | 49.9 | 36% |
| 2018 | 453,467 | 388,809 | 64,658 | 31.9 | 49% |
| 2019 | 484,313 | 405,386 | 78,927 | 29.1 | 50% |
| 2020 | 630,623 | 535,642 | 94,981 | 25.3 | 43% |
| 2021 | 963,203 | 699,679 | 263,524 | 24.8 | 44% |
| 2022 | 1,057,551 | 925,697 | 131,854 | 20.5 | 51% |
| 2023 | 1,144,335 | 970,250 | 174,085 | 21.4 | 47% |
In its most recent public year (2023), this organization brought in $174,085 more than it spent. Its reserves stood at about 21.4 months of spending, down from 50.4 in 2010. Staff pay was 47% of spending. $347,484 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
Mt Carmel Redevelopment Corporation 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