Carmel Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 2,414,595 | 2,366,181 | 48,414 | 69.1 | 41% |
| 2013 | 2,059,745 | 2,450,783 | −391,038 | 66.1 | 40% |
| 2014 | 2,995,287 | 2,426,035 | 569,252 | 71.5 | 42% |
| 2015 | 4,267,799 | 2,374,137 | 1,893,662 | 80.4 | 42% |
| 2016 | 2,723,010 | 2,573,535 | 149,475 | 75.3 | 40% |
| 2017 | 4,933,989 | 2,544,823 | 2,389,166 | 90.0 | 42% |
| 2018 | 2,581,519 | 2,680,885 | −99,366 | 85.0 | 40% |
| 2019 | 2,034,900 | 2,635,877 | −600,977 | 85.7 | 43% |
| 2020 | 2,942,615 | 2,665,402 | 277,213 | 84.1 | 41% |
| 2021 | 2,462,100 | 2,134,263 | 327,837 | 126.8 | 40% |
| 2022 | 2,102,002 | 2,412,606 | −310,604 | 94.6 | 42% |
| 2023 | 2,505,025 | 2,788,685 | −283,660 | 85.7 | 41% |
In its most recent public year (2023), this organization spent $283,660 more than it brought in. Its reserves stood at about 85.7 months of spending, up from 69.1 in 2012. Staff pay was 41% of spending. $2,702,234 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 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