House of the Carpenter Inc

Analysis

House of the Carpenter Inc is a registered charity in United States, based in Wheeling, WV. It received its IRS tax-exemption ruling in October 1997, 29 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 December 2023, House of the Carpenter Inc reported income of $919k and spending of $863k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $919k (-47%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 31%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, House of the Carpenter Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within WV. Charities of a similar size with the same main cause include 1st C O R P Services Inc ($919k), Lunchbox Fund ($919k) and Our Redeemer Day Care Center Inc ($919k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $25k (2.9% of expenses). Other salaries and wages came to $292k. At year end it held assets of $7.6m against liabilities of $61k, net assets of $7.5m. It reported 11 employees.