Is Mount Carmel Cemetery Association Legit?

Mount Carmel Cemetery Association demonstrates strong financial health, consistently growing its assets over the past decade, from $88.6 million in 2014 to $137.3 million in 2023. The organization consistently generates significant revenue, often double its expenses, indicating a robust financial model. For instance, in 2023, revenue was $12.6 million against expenses of $5.9 million. This surplus contributes to its substantial asset base, which stood at $144.2 million as of its latest reported revenue period. The organization appears to be highly efficient in its spending, with expenses consistently well below its revenue. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial picture suggests a well-managed operation. The absence of reported officer compensation across all filings indicates a commitment to minimizing overhead in this specific area, which is a positive sign for efficiency and donor trust. Transparency is generally good, with consistent IRS 990 filings over many years. The consistent growth in assets and the significant difference between revenue and expenses suggest that the organization is effectively managing its resources. However, without a detailed NTEE code or a breakdown of how expenses are categorized (program vs. admin vs. fundraising), a complete assessment of spending efficiency and program focus is limited.