New York City Carpenters Relief and Charity Fund

Analysis

New York City Carpenters Relief and Charity Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New York City Carpenters Relief and Charity Fund reported income of $443k and spending of $451k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $566k to $443k (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2020, when income dropped by 18%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York City Carpenters Relief and Charity Fund sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Mother and Unborn Child Care of Lufkin Inc ($443k), Eternal Life Agape Ministries Inc ($443k) and Volunteers of America Inc ($443k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $829k against liabilities of $9,499, net assets of $820k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.