Carpenters Project Incorporated

Analysis

Carpenters Project Incorporated is a registered charity in United States, based in Clayton, IN. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Project Incorporated reported income of $465k and spending of $488k, spending 105% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $262k to $465k (+77%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Carpenters Project Incorporated sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IN. Charities of a similar size with the same main cause include Swanberg Christian Ministries ($465k), Parish Cupboard Inc ($465k) and Ichthus International Ministries ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.