Carpenter Place Inc

Analysis

Carpenter Place Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in April 1948, 78 years ago. 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 September 2023, Carpenter Place Inc reported income of $1.8m and spending of $820k, leaving 54% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $1.8m (+24%), an average of +5.5% a year. The sharpest change came in the year to September 2023, when income rose by 163%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carpenter Place Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within KS. Charities of a similar size with the same main cause include French Cultural Center Inc ($1.8m), Salesian Boys & Girls Club Inc ($1.8m) and National Church Residences of ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $94k (11% of expenses). Other salaries and wages came to $249k. At year end it held assets of $4.3m against liabilities of $946, net assets of $4.3m. It reported 14 employees.