Carpenters Helping Hand Inc
EIN: 521241116 · Washington, DC
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $363K |
| Net Assets | $3.3M |
Is Carpenters Helping Hand Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carpenters Helping Hand Inc
Carpenters Helping Hand Inc (EIN: 521241116) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $2.5M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carpenters Helping Hand Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carpenters Helping Hand Inc is a mid-size nonprofit that has been operating for 44 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 71.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $363K |
| Surplus / Deficit | +$796K |
| Total Assets | $3.3M |
| Net Assets | $3.3M |
| Operating Margin | 68.7% |
| Months of Reserves | 107.5 months |
Financial Health Grade: A
In 2023, Carpenters Helping Hand Inc reported a surplus of $796K with revenue exceeding expenses, holds 107.5 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2011–2023), Carpenters Helping Hand Inc's revenue has grown at a compound annual growth rate (CAGR) of 71.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -44.7% | +0.9% | +32.4% |
| 2022 | +5178.7% | +267.5% | +240.0% |
| 2018 | -100.0% | +274.5% | -36.3% |
| 2017 | -36.3% | -40.4% | -8.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Carpenters Helping Hand Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carpenters Helping Hand Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $796K, with revenue exceeding expenses.
Frequently Asked Questions about Carpenters Helping Hand Inc
Is Carpenters Helping Hand Inc a legitimate charity?
Carpenters Helping Hand Inc (EIN: 521241116) is a registered tax-exempt nonprofit based in Washington DC. It has 11 years of IRS 990 filings on record. Total revenue: $2.5M. No red flags identified. Financial health grade: A.
How does Carpenters Helping Hand Inc spend its money?
Carpenters Helping Hand Inc reported $2.5M in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Carpenters Helping Hand Inc tax-deductible?
Carpenters Helping Hand Inc is registered as a tax-exempt nonprofit (EIN: 521241116). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carpenters Helping Hand Inc located?
Carpenters Helping Hand Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 521241116.
How many years of IRS 990 filings does Carpenters Helping Hand Inc have?
Carpenters Helping Hand Inc has 11 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 $2.5M in total revenue.
Filing History
IRS 990 filing history for Carpenters Helping Hand Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Carpenters Helping Hand Inc's revenue has grown by 66498.9%, moving from $2K to $1.2M. Total assets increased by 486.8% over the same period, from $555K to $3.3M. Total functional expenses rose by 2216%, from $16K to $363K. In its most recent filing year (2023), Carpenters Helping Hand Inc reported a surplus of $796K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $363K | $3.3M | $0 | — | View 990 |
| 2022 | $2.1M | $360K | $2.5M | $0 | — | View 990 |
| 2021 | $40K | $98K | $723K | $0 | — | View 990 |
| 2018 | $0 | $125K | $220K | $0 | — | View 990 |
| 2017 | $428 | $34K | $346K | $0 | — | View 990 |
| 2016 | $672 | $56K | $379K | $0 | — | View 990 |
| 2015 | $16K | $56K | $434K | $0 | — | View 990 |
| 2014 | $400 | $46K | $474K | $0 | — | View 990 |
| 2013 | $709 | $33K | $520K | $0 | — | View 990 |
| 2012 | $1K | $4K | $552K | $0 | — | View 990 |
| 2011 | $2K | $16K | $555K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $363K, and assets of $3.3M (revenue -44.7% year-over-year).
- 2022: Revenue of $2.1M, expenses of $360K, and assets of $2.5M (revenue +5178.7% year-over-year).
- 2021: Revenue of $40K, expenses of $98K, and assets of $723K.
- 2018: Revenue of $0, expenses of $125K, and assets of $220K (revenue -100.0% year-over-year).
- 2017: Revenue of $428, expenses of $34K, and assets of $346K (revenue -36.3% year-over-year).
- 2016: Revenue of $672, expenses of $56K, and assets of $379K (revenue -95.8% year-over-year).
- 2015: Revenue of $16K, expenses of $56K, and assets of $434K (revenue +3936.2% year-over-year).
- 2014: Revenue of $400, expenses of $46K, and assets of $474K (revenue -43.6% year-over-year).
- 2013: Revenue of $709, expenses of $33K, and assets of $520K (revenue -42.2% year-over-year).
- 2012: Revenue of $1K, expenses of $4K, and assets of $552K (revenue -29.5% year-over-year).
- 2011: Revenue of $2K, expenses of $16K, and assets of $555K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carpenters Helping Hand Inc:
Data Sources and Methodology
This transparency report for Carpenters Helping Hand Inc 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.