Carpenter Art Garden

Analysis

Carpenter Art Garden is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Carpenter Art Garden reported income of $583k and spending of $490k, spending 84% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $338k to $583k (+72%), an average of +15% a year. The sharpest change came in the year to July 2020, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carpenter Art Garden sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Jacket Backer Booster Club ($583k), Rhyu Foundation ($583k) and Ndoto ($582k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $79k (16% of expenses). Other salaries and wages came to $188k. At year end it held assets of $869k against liabilities of $3,641, net assets of $866k. It reported 19 employees.