Carpenter Technology Corporation Post Retirement Voluntary Employee
Post-retirement benefit fund consistently spends more than it earns, drawing down on substantial assets.
EIN: 133663180 · Reading, PA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.3M |
| Total Expenses | $15.5M |
| Program Spending | 95% |
| Net Assets | $124.2M |
| Transparency Score | 65/100 |
Is Carpenter Technology Corporation Post Retirement Voluntary Employee Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carpenter Technology Corporation Post Retirement Voluntary Employee directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carpenter Technology Corporation Post Retirement Voluntary Employee
Carpenter Technology Corporation Post Retirement Voluntary Employee (EIN: 133663180) is a nonprofit organization based in Reading, PA. The organization reported total revenue of $23.3M and total assets of $141.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carpenter Technology Corporation Post Retirement Voluntary Employee's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carpenter Technology Corporation Post Retirement Voluntary Employee is a large nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.2M |
| Total Expenses | $15.5M |
| Surplus / Deficit | $-6,300,561 |
| Total Assets | $124.2M |
| Net Assets | $124.2M |
| Operating Margin | -68.5% |
| Months of Reserves | 96.2 months |
Financial Health Grade: B
In 2023, Carpenter Technology Corporation Post Retirement Voluntary Employee reported a deficit of $6.3M with expenses exceeding revenue, holds 96.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Carpenter Technology Corporation Post Retirement Voluntary Employee's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.6% | +23.7% | +10.7% |
| 2022 | +28.9% | +2.3% | -22.3% |
| 2021 | +5.0% | -2.7% | +14.3% |
| 2020 | -13.2% | +2.2% | +4.1% |
| 2019 | -10.5% | -2.8% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carpenter Technology Corporation Post Retirement Voluntary Employee with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Carpenter Technology Corporation Post Retirement Voluntary Employee allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6.3M, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is a positive sign for a fund of this nature.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Carpenter Technology Corporation Post Retirement Voluntary Employee's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) over multiple years, indicating reliance on asset drawdowns.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary, hindering efficiency analysis.
- Unknown NTEE code, making it difficult to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Carpenter Technology Corporation Post Retirement Voluntary Employee:
- Substantial asset base ($141,281,580 latest) providing long-term stability.
- Zero officer compensation reported across all filings, indicating efficient use of funds for management.
- Very low or zero liabilities in most recent filings, demonstrating strong financial health.
Frequently Asked Questions about Carpenter Technology Corporation Post Retirement Voluntary Employee
Is Carpenter Technology Corporation Post Retirement Voluntary Employee a legitimate charity?
Based on AI analysis of IRS 990 filings, Carpenter Technology Corporation Post Retirement Voluntary Employee (EIN: 133663180) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Carpenter Technology Corporation Post Retirement Voluntary Employee spend its money?
Carpenter Technology Corporation Post Retirement Voluntary Employee directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carpenter Technology Corporation Post Retirement Voluntary Employee tax-deductible?
Carpenter Technology Corporation Post Retirement Voluntary Employee is registered as a tax-exempt nonprofit (EIN: 133663180). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carpenter Technology Corporation Post Retirement Voluntary Employee located?
Carpenter Technology Corporation Post Retirement Voluntary Employee is headquartered in Reading, Pennsylvania and files with the IRS under EIN 133663180.
How many years of IRS 990 filings does Carpenter Technology Corporation Post Retirement Voluntary Employee have?
Carpenter Technology Corporation Post Retirement Voluntary Employee has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $23.3M in total revenue.
What is the primary purpose of Carpenter Technology Corporation Post Retirement Voluntary Employee?
Based on its name and financial patterns, it appears to be a fund established to manage and disburse post-retirement voluntary employee benefits for Carpenter Technology Corporation, rather than a public charity engaging in typical programmatic activities.
Why are expenses consistently higher than revenue?
The consistent trend of expenses exceeding revenue (e.g., $15.5M expenses vs. $9.2M revenue in 2023) suggests the fund is either drawing down on its principal assets to meet benefit obligations or that investment gains, which are a primary source of funding for such trusts, are not fully reflected in the 'revenue' figures provided in this summary.
Is the organization financially stable despite negative net income?
Yes, with assets of $141,281,580 and liabilities often at or near zero, the organization maintains a very strong asset base, indicating financial stability even with consistent negative net income, as it likely operates by distributing from its accumulated principal and investment returns.
Filing History
IRS 990 filing history for Carpenter Technology Corporation Post Retirement Voluntary Employee showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carpenter Technology Corporation Post Retirement Voluntary Employee's revenue has grown by 35.7%, moving from $6.8M to $9.2M. Total assets increased by 22.9% over the same period, from $101.1M to $124.2M. Total functional expenses rose by 823.6%, from $1.7M to $15.5M. In its most recent filing year (2023), Carpenter Technology Corporation Post Retirement Voluntary Employee reported a deficit of $6.3M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.2M | $15.5M | $124.2M | $0 | — | — |
| 2022 | $8.5M | $12.5M | $112.2M | $56K | — | View 990 |
| 2021 | $6.6M | $12.2M | $144.5M | $56K | — | — |
| 2020 | $6.3M | $12.6M | $126.4M | $0 | — | — |
| 2019 | $7.3M | $12.3M | $121.4M | $15K | — | View 990 |
| 2018 | $8.1M | $12.7M | $114.7M | $7.0M | — | View 990 |
| 2017 | $5.3M | $11.4M | $128.3M | $7.1M | — | View 990 |
| 2016 | $4.7M | $5.1M | $125.0M | $9.0M | — | View 990 |
| 2015 | $4.0M | $1.4M | $120.4M | $8.9M | — | View 990 |
| 2014 | $4.6M | $1.6M | $118.7M | $7.9M | — | View 990 |
| 2013 | $3.7M | $1.7M | $102.7M | $1.3M | — | View 990 |
| 2012 | $4.3M | $908K | $98.4M | $10.4M | — | View 990 |
| 2011 | $6.8M | $1.7M | $101.1M | $21.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.2M, expenses of $15.5M, and assets of $124.2M (revenue +7.6% year-over-year).
- 2022: Revenue of $8.5M, expenses of $12.5M, and assets of $112.2M (revenue +28.9% year-over-year).
- 2021: Revenue of $6.6M, expenses of $12.2M, and assets of $144.5M (revenue +5.0% year-over-year).
- 2020: Revenue of $6.3M, expenses of $12.6M, and assets of $126.4M (revenue -13.2% year-over-year).
- 2019: Revenue of $7.3M, expenses of $12.3M, and assets of $121.4M (revenue -10.5% year-over-year).
- 2018: Revenue of $8.1M, expenses of $12.7M, and assets of $114.7M (revenue +52.3% year-over-year).
- 2017: Revenue of $5.3M, expenses of $11.4M, and assets of $128.3M (revenue +14.0% year-over-year).
- 2016: Revenue of $4.7M, expenses of $5.1M, and assets of $125.0M (revenue +17.0% year-over-year).
- 2015: Revenue of $4.0M, expenses of $1.4M, and assets of $120.4M (revenue -13.8% year-over-year).
- 2014: Revenue of $4.6M, expenses of $1.6M, and assets of $118.7M (revenue +26.3% year-over-year).
- 2013: Revenue of $3.7M, expenses of $1.7M, and assets of $102.7M (revenue -14.0% year-over-year).
- 2012: Revenue of $4.3M, expenses of $908K, and assets of $98.4M (revenue -36.9% year-over-year).
- 2011: Revenue of $6.8M, expenses of $1.7M, and assets of $101.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carpenter Technology Corporation Post Retirement Voluntary Employee:
Data Sources and Methodology
This transparency report for Carpenter Technology Corporation Post Retirement Voluntary Employee is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.