Carpenters Place

Analysis

Carpenters Place is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in August 2000, 26 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 June 2023, Carpenters Place reported income of $2.1m and spending of $2.5m, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.7m to $2.1m (-22%), an average of -8.0% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carpenters Place sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Child Education Center ($2.1m), Womens Center-High Desert ($2.1m) and The Harvest Center of Charlotte Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $136k (5.5% of expenses). Other salaries and wages came to $952k. At year end it held assets of $4.3m against liabilities of $232k, net assets of $4.1m. It reported 41 employees.