Friends of the Carpenter

Analysis

Friends of the Carpenter is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in March 1999, 27 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 December 2023, Friends of the Carpenter reported income of $282k and spending of $402k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $414k to $282k (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2022, when income rose by 307%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Carpenter sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within WA. Charities of a similar size with the same main cause include Southeast Asian Healing Center Incorporated ($282k), Kids First Preschool & Childcare ($282k) and Feeding Our Kids ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $78k (19% of expenses). Other salaries and wages came to $83k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 7 employees.