Carmel Educational Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 463,293 | 269,000 | 194,293 | 21.4 | 0% |
| 2012 | 446,631 | 499,491 | −52,860 | 10.3 | 0% |
| 2013 | 336,844 | 200,350 | 136,494 | 33.8 | 0% |
| 2014 | 352,105 | 223,676 | 128,429 | 37.2 | 0% |
| 2015 | 424,367 | 434,935 | −10,568 | 18.8 | 0% |
| 2016 | 1,047,465 | 799,970 | 247,495 | 13.9 | 0% |
| 2017 | 879,901 | 1,501,405 | −621,504 | 2.5 | 0% |
| 2018 | 815,992 | 506,506 | 309,486 | 14.6 | 0% |
| 2019 | 924,007 | 609,542 | 314,465 | 9.0 | 0% |
| 2020 | 456,545 | 502,792 | −46,247 | 8.6 | 0% |
| 2021 | 503,203 | 316,131 | 187,072 | 19.4 | 0% |
| 2022 | 604,652 | 118,491 | 486,161 | 68.6 | 0% |
| 2023 | 806,345 | 329,090 | 477,255 | 37.0 | 0% |
In its most recent public year (2023), this organization brought in $477,255 more than it spent. Its reserves stood at about 37 months of spending, up from 21.4 in 2011. Staff pay was 0% of spending. $993,152 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
Carmel Educational 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