Carpenters Project Incorporated
EIN: 300012954 · Clayton, IN · NTEE: X12
| Metric | Value |
|---|---|
| Total Revenue | $511K |
| Total Expenses | $488K |
| Net Assets | $75K |
Is Carpenters Project Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carpenters Project Incorporated
Carpenters Project Incorporated (EIN: 300012954) is a nonprofit organization based in Clayton, IN, classified under NTEE code X12. The organization reported total revenue of $511K and total assets of $64K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carpenters Project Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carpenters Project Incorporated is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $465K |
| Total Expenses | $488K |
| Surplus / Deficit | $-23,021 |
| Total Assets | $75K |
| Net Assets | $75K |
| Operating Margin | -5.0% |
| Months of Reserves | 1.9 months |
Financial Health Grade: C
In 2023, Carpenters Project Incorporated reported a deficit of $23K with expenses exceeding revenue, holds 1.9 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Carpenters Project Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 15.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.1% | +1.8% | -23.4% |
| 2022 | -1.0% | +4.1% | -16.6% |
| 2021 | +77.2% | +150.4% | +3.5% |
| 2020 | +45.2% | +5.7% | +216.9% |
| 2019 | +1.7% | +8.6% | +21.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Carpenters Project Incorporated 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 Project Incorporated 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 deficit of $23K, with expenses exceeding revenue.
Frequently Asked Questions about Carpenters Project Incorporated
Is Carpenters Project Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Carpenters Project Incorporated (EIN: 300012954) insufficient data. 0 red flags identified, 0 strengths noted.
How does Carpenters Project Incorporated spend its money?
Detailed spending breakdown data is not yet available for Carpenters Project Incorporated. Check back for updated IRS 990 analysis.
Are donations to Carpenters Project Incorporated tax-deductible?
Carpenters Project Incorporated is registered as a tax-exempt nonprofit (EIN: 300012954). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carpenters Project Incorporated located?
Carpenters Project Incorporated is headquartered in Clayton, Indiana and files with the IRS under EIN 300012954. It is classified under NTEE code X12.
How many years of IRS 990 filings does Carpenters Project Incorporated have?
Carpenters Project Incorporated 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 $511K in total revenue.
Filing History
IRS 990 filing history for Carpenters Project Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carpenters Project Incorporated's revenue has grown by 476%, moving from $81K to $465K. Total assets increased by 480.4% over the same period, from $13K to $75K. Total functional expenses rose by 570.4%, from $73K to $488K. In its most recent filing year (2023), Carpenters Project Incorporated reported a deficit of $23K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $465K | $488K | $75K | $0 | — | — |
| 2022 | $460K | $479K | $98K | $0 | — | View 990 |
| 2021 | $464K | $460K | $118K | $0 | — | View 990 |
| 2020 | $262K | $184K | $114K | $0 | — | View 990 |
| 2019 | $180K | $174K | $36K | $0 | — | View 990 |
| 2018 | $177K | $160K | $30K | $0 | — | View 990 |
| 2017 | $146K | $150K | $12K | $0 | — | View 990 |
| 2016 | $120K | $116K | $16K | $0 | — | View 990 |
| 2015 | $123K | $137K | $13K | $0 | — | View 990 |
| 2014 | $154K | $159K | $27K | $0 | — | View 990 |
| 2013 | $110K | $105K | $32K | $0 | — | View 990 |
| 2012 | $108K | $95K | $26K | $0 | — | View 990 |
| 2011 | $81K | $73K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $465K, expenses of $488K, and assets of $75K (revenue +1.1% year-over-year).
- 2022: Revenue of $460K, expenses of $479K, and assets of $98K (revenue -1.0% year-over-year).
- 2021: Revenue of $464K, expenses of $460K, and assets of $118K (revenue +77.2% year-over-year).
- 2020: Revenue of $262K, expenses of $184K, and assets of $114K (revenue +45.2% year-over-year).
- 2019: Revenue of $180K, expenses of $174K, and assets of $36K (revenue +1.7% year-over-year).
- 2018: Revenue of $177K, expenses of $160K, and assets of $30K (revenue +21.1% year-over-year).
- 2017: Revenue of $146K, expenses of $150K, and assets of $12K (revenue +22.2% year-over-year).
- 2016: Revenue of $120K, expenses of $116K, and assets of $16K (revenue -2.8% year-over-year).
- 2015: Revenue of $123K, expenses of $137K, and assets of $13K (revenue -20.2% year-over-year).
- 2014: Revenue of $154K, expenses of $159K, and assets of $27K (revenue +40.0% year-over-year).
- 2013: Revenue of $110K, expenses of $105K, and assets of $32K (revenue +1.8% year-over-year).
- 2012: Revenue of $108K, expenses of $95K, and assets of $26K (revenue +34.3% year-over-year).
- 2011: Revenue of $81K, expenses of $73K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carpenters Project Incorporated:
Data Sources and Methodology
This transparency report for Carpenters Project Incorporated 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.