The Carpenters Hope

Analysis

The Carpenters Hope is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in June 2020, 6 years ago. 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, The Carpenters Hope reported income of $107k and spending of $88k, spending 83% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $32k to $107k (+230%), an average of +82% a year. The sharpest change came in the year to December 2022, when income rose by 267%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Carpenters Hope sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Barrington Junior Womens Club Inc ($107k), Learning Institute Inc ($107k) and 180 Center Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $80k against liabilities of $244, net assets of $80k.