Carpenters and Joiners Apprenticeship and Journeymen

Analysis

Carpenters and Joiners Apprenticeship and Journeymen is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 1971, 55 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carpenters and Joiners Apprenticeship and Journeymen reported income of $19.0m and spending of $16.6m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.7m to $19.0m (+29%), an average of +6.6% a year. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Carpenters and Joiners Apprenticeship and Journeymen sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Hope Enterprise Corporation ($19.0m), Farestart ($19.1m) and Hampton Roads Community Action Program Inc ($19.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $247k (1.5% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $26.8m against liabilities of $3.7m, net assets of $23.1m. It reported 85 employees.