Boston Carpenters Training Center

Analysis

Boston Carpenters Training Center is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Boston Carpenters Training Center reported income of $510k and spending of $824k, spending 161% of what it took in. Over the whole period it spent 161% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Boston Carpenters Training Center sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Atlantic Avenue District Management Association Inc ($510k), Springfield Workshop Foundation Inc ($510k) and Novella Center for Entrepreneurship by Conscious Venture Lab Inc ($510k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $8.0m against liabilities of $9.6m, net assets of -$1.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.