Quick charity verification for Carpenters Shop Center Inc (EIN: 202828807)
Verdict: Carpenters Shop Center Inc appears trustworthy
90/100Mission Score
$635KRevenue
$607KAssets
2Red Flags
5Strengths
Red Flags
Unusually low liabilities relative to assets in earlier years (e.g., $2,755 liabilities vs. $25,440 assets in 2015), which could warrant further investigation into financial structure.
The consistent 0% officer compensation for an organization of this size is unusual and might suggest compensation is reported under a different category or that leadership is entirely volunteer, which could impact long-term sustainability if not properly managed.
Strengths
Consistent and strong revenue growth, increasing from $174,491 in 2014 to $638,528 in 2023.
Healthy asset growth, from $21,261 in 2014 to $537,658 in 2023, indicating increasing financial capacity.
Consistent positive net income in most recent years, demonstrating financial stability and sustainability.
Zero officer compensation reported across all filings, suggesting a high proportion of funds are directed to mission-related activities.
Low and well-managed liabilities relative to assets, indicating a strong balance sheet.
Spending Breakdown
How Carpenters Shop Center Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Carpenters Shop Center Inc
Is Carpenters Shop Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carpenters Shop Center Inc (EIN: 202828807) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Carpenters Shop Center Inc a good charity to donate to?
Carpenters Shop Center Inc has a Mission Score of 90/100. Revenue: $635K. Assets: $607K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Carpenters Shop Center Inc?
The Employer Identification Number (EIN) for Carpenters Shop Center Inc is 202828807. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Carpenters Shop Center Inc spend its money?
Carpenters Shop Center Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Carpenters Shop Center Inc's tax-exempt status?
You can verify Carpenters Shop Center Inc's tax-exempt status using EIN 202828807 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Carpenters Shop Center Inc demonstrates a generally healthy financial trajectory, with consistent revenue growth over the past decade, increasing from $174,491 in 2014 to $638,528 in 2023. The organization has also shown prudent financial management by consistently operating with a surplus in most recent years, such as in 2023 where revenue exceeded expenses by $129,569. This has allowed for a steady increase in assets, reaching $537,658 in 2023, indicating a growing capacity to fulfill its mission.
The organization's spending efficiency appears strong, particularly given the reported 0% officer compensation across all available filings. This suggests that resources are primarily directed towards programmatic activities and operational needs rather than executive salaries. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation is a positive indicator of efficient resource allocation. The consistent growth in assets and revenue, coupled with controlled liabilities, points to a well-managed financial operation.
In terms of transparency, the availability of 13 years of IRS 990 filings is a strong positive, allowing for a comprehensive historical analysis of its financial performance. The consistent reporting of key financial metrics like revenue, expenses, assets, and liabilities, along with officer compensation, provides a good foundation for assessing the organization's financial health. The lack of officer compensation also simplifies the analysis of potential conflicts of interest or excessive executive pay, contributing to a perception of good governance.