Carpenters Home Estates Inc

Analysis

Carpenters Home Estates Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in November 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carpenters Home Estates Inc reported income of $23.4m and spending of $21.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.0m to $23.4m (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carpenters Home Estates Inc 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 98th percentile within FL. Charities of a similar size with the same main cause include Florida State University International Programs Assoc Inc ($23.4m), Nonprofits United Workers Compensation Group Inc ($23.5m) and Art of Living Foundation ($23.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 95% of the total. Other salaries and wages came to $8.6m. At year end it held assets of $65.3m against liabilities of $55.8m, net assets of $9.5m. It reported 356 employees.