How The Carmelite System Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about The Carmelite System Inc
Is The Carmelite System Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Carmelite System Inc (EIN: 141810368) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is The Carmelite System Inc a good charity to donate to?
The Carmelite System Inc has a Mission Score of 90/100. Revenue: $10.3M. Assets: $19.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Carmelite System Inc?
The Employer Identification Number (EIN) for The Carmelite System Inc is 141810368. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does The Carmelite System Inc spend its money?
The Carmelite System Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Carmelite System Inc's tax-exempt status?
You can verify The Carmelite System Inc's tax-exempt status using EIN 141810368 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Carmelite System Inc. demonstrates a generally stable financial position with consistent revenue generation, averaging over $7 million in the last five years. In 2023, the organization reported revenues of $10,638,217 against expenses of $7,367,172, indicating a healthy surplus. This trend of revenues exceeding expenses is positive, especially compared to earlier periods like 2019-2021 where expenses often outpaced revenue. The organization's assets have also shown growth, reaching $21,274,263 in 2023, which provides a solid financial foundation.
Spending efficiency appears to be reasonable, with a consistent pattern of expenses relative to revenue. The absence of reported officer compensation across all available filings suggests a commitment to directing funds towards the organization's mission rather than executive salaries, which is a strong indicator of financial prudence. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health suggests effective management of resources. The consistent filing of IRS 990 forms over 14 periods indicates good transparency practices.
However, the significant fluctuation in liabilities, from a low of $1,794,731 in 2017 to a high of $18,875,793 in 2020, warrants closer examination to understand the underlying causes and their potential impact on long-term financial stability. Despite these fluctuations, the organization has managed to maintain a positive net asset position, with assets consistently exceeding liabilities in recent years. The lack of reported officer compensation is a notable strength in terms of financial transparency and resource allocation.