The Carmel School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,400,060 | 1,311,807 | 88,253 | 83.3 | 59% |
| 2012 | 2,297,383 | 1,910,297 | 387,086 | 60.4 | 46% |
| 2013 | 1,508,543 | 1,777,340 | −268,797 | 63.1 | 46% |
| 2014 | 2,034,482 | 2,137,535 | −103,053 | 51.9 | 47% |
| 2015 | 3,743,219 | 2,377,605 | 1,365,614 | 53.6 | 45% |
| 2016 | 3,012,618 | 2,725,889 | 286,729 | 47.8 | 45% |
| 2017 | 2,738,618 | 3,070,233 | −331,615 | 41.1 | 46% |
| 2018 | 3,013,401 | 3,410,751 | −397,350 | 35.6 | 49% |
| 2019 | 4,280,154 | 4,045,828 | 234,326 | 30.7 | 52% |
| 2020 | 9,056,289 | 4,086,760 | 4,969,529 | 45.0 | 51% |
| 2021 | 4,010,908 | 4,534,276 | −523,368 | 39.2 | 52% |
| 2022 | 4,660,053 | 4,797,747 | −137,694 | 36.7 | 54% |
| 2023 | 4,722,668 | 5,004,213 | −281,545 | 34.5 | 54% |
| 2024 | 4,455,433 | 5,087,193 | −631,760 | 32.5 | 55% |
In its most recent public year (2024), this organization spent $631,760 more than it brought in. Its reserves stood at about 32.5 months of spending, down from 83.3 in 2011. Staff pay was 55% of spending. $22,500 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 2024. 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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