Carpenters Housing Corp

Analysis

Carpenters Housing Corp is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in February 1973, 53 years ago. 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 February 2024, Carpenters Housing Corp reported income of $3.8m and spending of $3.3m, spending 87% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $3.3m to $3.8m (+16%), an average of +3.8% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carpenters Housing Corp sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Speck Homes Inc ($3.8m), Tomorrows Leadership Collaborative Charter School ($3.8m) and Monsignor Wynhoven Apts ($3.8m).

On its Form 990 for the period ending February 2024, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $135k (4.0% of expenses). Other salaries and wages came to $882k. At year end it held assets of $5.2m against liabilities of $292k, net assets of $4.9m. It reported 16 employees.