Carpenters Shop Center Inc

Analysis

Carpenters Shop Center Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carpenters Shop Center Inc reported income of $639k and spending of $509k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $379k to $639k (+68%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carpenters Shop Center Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Voices of Hope ($639k), Gateway Homeless Coalition Inc ($639k) and Mwana Villages US Inc ($639k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $96k (19% of expenses). Other salaries and wages came to $219k. At year end it held assets of $538k against liabilities of $82k, net assets of $456k. It reported 24 employees.