Mt Carmel Veterans Service Center
EIN: 811652178 · Colorado Springs, CO · NTEE: J20
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $3.3M |
| Net Assets | $1.6M |
Is Mt Carmel Veterans Service Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mt Carmel Veterans Service Center
Mt Carmel Veterans Service Center (EIN: 811652178) is a nonprofit organization based in Colorado Springs, CO, classified under NTEE code J20. The organization reported total revenue of $4.4M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mt Carmel Veterans Service Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mt Carmel Veterans Service Center is a mid-size nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 19.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.3M |
| Surplus / Deficit | +$77K |
| Total Assets | $2.4M |
| Total Liabilities | $714K |
| Net Assets | $1.6M |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 30.3% |
| Months of Reserves | 8.5 months |
Financial Health Grade: A
In 2023, Mt Carmel Veterans Service Center reported a surplus of $77K with revenue exceeding expenses, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 30.3% (moderate leverage).
Financial Trends
Over 7 years of filings (2017–2023), Mt Carmel Veterans Service Center's revenue has grown at a compound annual growth rate (CAGR) of 19.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.2% | +22.2% | +34.8% |
| 2022 | +6.1% | +21.5% | +26.7% |
| 2021 | +54.7% | +21.7% | +95.9% |
| 2020 | +10.3% | +11.6% | -11.7% |
| 2019 | -16.1% | +1.9% | +11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mt Carmel Veterans Service Center 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 Mt Carmel Veterans Service Center 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 surplus of $77K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.3%.
Frequently Asked Questions about Mt Carmel Veterans Service Center
Is Mt Carmel Veterans Service Center a legitimate charity?
Mt Carmel Veterans Service Center (EIN: 811652178) is a registered tax-exempt nonprofit based in Colorado. It has 7 years of IRS 990 filings on record. Total revenue: $4.4M. No red flags identified. Financial health grade: A.
How does Mt Carmel Veterans Service Center spend its money?
Mt Carmel Veterans Service Center reported $4.4M in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mt Carmel Veterans Service Center tax-deductible?
Mt Carmel Veterans Service Center is registered as a tax-exempt nonprofit (EIN: 811652178). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mt Carmel Veterans Service Center located?
Mt Carmel Veterans Service Center is headquartered in Colorado Springs, Colorado and files with the IRS under EIN 811652178. It is classified under NTEE code J20.
How many years of IRS 990 filings does Mt Carmel Veterans Service Center have?
Mt Carmel Veterans Service Center has 7 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 $4.4M in total revenue.
Filing History
IRS 990 filing history for Mt Carmel Veterans Service Center showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Mt Carmel Veterans Service Center's revenue has grown by 192.5%, moving from $1.2M to $3.4M. Total assets increased by 328.3% over the same period, from $551K to $2.4M. Total functional expenses rose by 191%, from $1.1M to $3.3M. In its most recent filing year (2023), Mt Carmel Veterans Service Center reported a surplus of $77K, with revenue exceeding expenses. The organization holds $714K in liabilities against $2.4M in assets (debt-to-asset ratio: 30.3%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $3.3M | $2.4M | $714K | — | View 990 |
| 2022 | $3.1M | $2.7M | $1.8M | $182K | — | View 990 |
| 2021 | $2.9M | $2.2M | $1.4M | $154K | — | — |
| 2020 | $1.9M | $1.8M | $705K | $125K | — | View 990 |
| 2019 | $1.7M | $1.7M | $799K | $245K | — | View 990 |
| 2018 | $2.0M | $1.6M | $714K | $203K | — | View 990 |
| 2017 | $1.2M | $1.1M | $551K | $440K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $3.3M, and assets of $2.4M (revenue +11.2% year-over-year).
- 2022: Revenue of $3.1M, expenses of $2.7M, and assets of $1.8M (revenue +6.1% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.2M, and assets of $1.4M (revenue +54.7% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.8M, and assets of $705K (revenue +10.3% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $799K (revenue -16.1% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.6M, and assets of $714K (revenue +73.3% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $551K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mt Carmel Veterans Service Center:
Data Sources and Methodology
This transparency report for Mt Carmel Veterans Service Center 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.