Mt Carmel Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 522,134 | 689,188 | −167,054 | -33.7 | 13% |
| 2022 | 526,415 | 694,117 | −167,702 | -36.3 | 12% |
| 2023 | 524,696 | 683,107 | −158,411 | -39.7 | 13% |
In its most recent public year (2023), this organization spent $158,411 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-39.7 months), down from -33.7 in 2021. Staff pay was 13% 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
Mt Carmel 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