Carmel Estates Inc
EIN: 640892109 · Hattisburg, MS · NTEE: L22Z
| Metric | Value |
|---|---|
| Total Revenue | $175K |
| Total Expenses | $164K |
| Net Assets | $487K |
Is Carmel Estates Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carmel Estates Inc
Carmel Estates Inc (EIN: 640892109) is a nonprofit organization based in Hattisburg, MS, classified under NTEE code L22Z. The organization reported total revenue of $175K and total assets of $502K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carmel Estates Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carmel Estates Inc is a small nonprofit that has been operating for 28 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $122K |
| Total Expenses | $164K |
| Surplus / Deficit | $-41,600 |
| Total Assets | $506K |
| Total Liabilities | $19K |
| Net Assets | $487K |
| Operating Margin | -34.0% |
| Debt-to-Asset Ratio | 3.8% |
| Months of Reserves | 37.1 months |
Financial Health Grade: B
In 2023, Carmel Estates Inc reported a deficit of $42K with expenses exceeding revenue, holds 37.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.8% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Carmel Estates Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.0% | +16.2% | -10.6% |
| 2021 | +1.4% | +14.4% | -0.1% |
| 2020 | +17.2% | -10.8% | +1.1% |
| 2019 | -4.5% | -2.9% | -3.9% |
| 2018 | -5.2% | +11.6% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Carmel Estates Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carmel Estates Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $42K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.8%.
Frequently Asked Questions about Carmel Estates Inc
Is Carmel Estates Inc a legitimate charity?
Carmel Estates Inc (EIN: 640892109) is a registered tax-exempt nonprofit based in Mississippi. It has 11 years of IRS 990 filings on record. Total revenue: $175K. No red flags identified. Financial health grade: B.
How does Carmel Estates Inc spend its money?
Carmel Estates Inc reported $175K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Carmel Estates Inc tax-deductible?
Carmel Estates Inc is registered as a tax-exempt nonprofit (EIN: 640892109). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carmel Estates Inc located?
Carmel Estates Inc is headquartered in Hattisburg, Mississippi and files with the IRS under EIN 640892109. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Carmel Estates Inc have?
Carmel Estates Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $175K in total revenue.
Filing History
IRS 990 filing history for Carmel Estates Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Carmel Estates Inc's revenue has grown by 60.6%, moving from $76K to $122K. Total assets decreased by 32.1% over the same period, from $746K to $506K. Total functional expenses rose by 58%, from $104K to $164K. In its most recent filing year (2023), Carmel Estates Inc reported a deficit of $42K, with expenses exceeding revenue. The organization holds $19K in liabilities against $506K in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $487K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $122K | $164K | $506K | $19K | — | View 990 |
| 2021 | $133K | $141K | $566K | $25K | — | View 990 |
| 2020 | $131K | $123K | $567K | $25K | — | View 990 |
| 2019 | $112K | $138K | $561K | $29K | — | View 990 |
| 2018 | $117K | $142K | $583K | $25K | — | View 990 |
| 2017 | $124K | $127K | $619K | $1.1M | — | View 990 |
| 2016 | $100K | $108K | $625K | $1.0M | — | View 990 |
| 2015 | $99K | $119K | $638K | $1.1M | — | View 990 |
| 2014 | $90K | $124K | $655K | $1.1M | — | View 990 |
| 2012 | $91K | $101K | $1.1M | $1.0M | — | View 990 |
| 2011 | $76K | $104K | $746K | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $122K, expenses of $164K, and assets of $506K (revenue -8.0% year-over-year).
- 2021: Revenue of $133K, expenses of $141K, and assets of $566K (revenue +1.4% year-over-year).
- 2020: Revenue of $131K, expenses of $123K, and assets of $567K (revenue +17.2% year-over-year).
- 2019: Revenue of $112K, expenses of $138K, and assets of $561K (revenue -4.5% year-over-year).
- 2018: Revenue of $117K, expenses of $142K, and assets of $583K (revenue -5.2% year-over-year).
- 2017: Revenue of $124K, expenses of $127K, and assets of $619K (revenue +23.4% year-over-year).
- 2016: Revenue of $100K, expenses of $108K, and assets of $625K (revenue +0.7% year-over-year).
- 2015: Revenue of $99K, expenses of $119K, and assets of $638K (revenue +10.9% year-over-year).
- 2014: Revenue of $90K, expenses of $124K, and assets of $655K (revenue -1.2% year-over-year).
- 2012: Revenue of $91K, expenses of $101K, and assets of $1.1M (revenue +19.1% year-over-year).
- 2011: Revenue of $76K, expenses of $104K, and assets of $746K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carmel Estates Inc:
Data Sources and Methodology
This transparency report for Carmel Estates Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.