The Montague County Carpenters Shop Inc

Analysis

The Montague County Carpenters Shop Inc is a registered charity in United States, based in Nocona, TX. It received its IRS tax-exemption ruling in March 1976, 50 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 September 2023, The Montague County Carpenters Shop Inc reported income of $259k and spending of $298k, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $195k to $259k (+33%), an average of +7.3% a year. The sharpest change came in the year to September 2022, when income rose by 39%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Montague County Carpenters Shop Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Friendship Circle Las Vegas ($259k), Coastal Therapeutic Riding Program ($259k) and Nevada Kids Foundation Inc ($259k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 75% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $49k (16% of expenses). At year end it held assets of $269k against liabilities of $4,930, net assets of $264k. It reported 4 employees.