Carpenters Shelter Inc

Analysis

Carpenters Shelter Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in March 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Shelter Inc reported income of $6.7m and spending of $5.1m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.1m to $6.7m (-5.5%), an average of -1.4% a year. The sharpest change came in the year to June 2023, when income rose by 78%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carpenters Shelter Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Housing Channel ($6.7m), Transition House ($6.8m) and Community Housing Initiatives Inc ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $157k (3.1% of expenses). Other salaries and wages came to $1.7m. It paid $163k in professional fundraising fees. At year end it held assets of $12.5m against liabilities of $168k, net assets of $12.3m. It reported 73 employees.