Parents for Carpenter Inc

Analysis

Parents for Carpenter Inc is a registered charity in United States, based in Studio City, CA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2024, Parents for Carpenter Inc reported income of $656k and spending of $718k, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $689k to $656k (-4.8%), an average of -1.2% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Parents for Carpenter Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Friends of the Mountain ($656k), McLean Youth Athletics Inc ($656k) and Oregon Futbol Academy ($656k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% of the total. Other salaries and wages came to $563k. At year end it held assets of $1.3m against liabilities of $33k, net assets of $1.3m. It reported 24 employees.