Carmel Cares
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 32,085 | 11,840 | 20,245 | 20.5 | — |
| 2021 | 184,245 | 115,570 | 68,675 | 9.2 | 0% |
| 2022 | 288,191 | 266,700 | 21,491 | 5.0 | 0% |
| 2023 | 241,142 | 216,864 | 24,278 | 7.5 | 0% |
In its most recent public year (2023), this organization brought in $24,278 more than it spent. Its reserves stood at about 7.5 months of spending, down from 20.5 in 2020. Staff pay was 0% of spending. $74,182 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
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