Promote Carmel Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 280,654 | 127,728 | 152,926 | 14.4 | 33% |
| 2021 | 319,390 | 230,931 | 88,459 | 13.1 | 37% |
| 2022 | 329,325 | 268,323 | 61,002 | 13.5 | 35% |
| 2023 | 684,436 | 612,383 | 72,053 | 7.3 | 27% |
In its most recent public year (2023), this organization brought in $72,053 more than it spent. Its reserves stood at about 7.3 months of spending, down from 14.4 in 2020. Staff pay was 27% 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
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