Carpenters Company of the City and County of Philadelphia

Analysis

Carpenters Company of the City and County of Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 1946, 80 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Carpenters Company of the City and County of Philadelphia reported income of $3.4m and spending of $1.5m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $620k to $3.4m (+442%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carpenters Company of the City and County of Philadelphia sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Reader Institute for Community Journalism Inc ($3.4m), Indiana Dinosaur Museum ($3.4m) and Colorado Music Festival ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $129k (8.6% of expenses). Other salaries and wages came to $163k. At year end it held assets of $3.3m against liabilities of $119k, net assets of $3.2m. It reported 8 employees.