Carpenters Helping Hand Inc

Analysis

Carpenters Helping Hand Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1982, 44 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 December 2023, Carpenters Helping Hand Inc reported income of $1.2m and spending of $363k, leaving 69% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $40k to $1.2m (+2819%), an average of +440% a year. The sharpest change came in the year to December 2022, when income rose by 5179%. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carpenters Helping Hand Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 57th percentile within DC. Charities of a similar size with the same main cause include R M Pyles Boys Camp ($1.2m), High Desert Homeless Services Inc ($1.2m) and Front Range Volleyball Club Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.