Carpenters Workshop Inc

Carpenters Workshop Inc. maintains stable operations with minimal liabilities and no reported officer compensation.

EIN: 10588859 · Sparta, NJ · NTEE: F60 · Updated: 2026-03-27

$172KRevenue

$25KAssets

85/100Mission Score (Excellent)

F60

About Carpenters Workshop Inc

Carpenters Workshop Inc (EIN: 10588859) is a nonprofit organization based in Sparta, NJ, classified under NTEE code F60. The organization reported total revenue of $172K and total assets of $25K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carpenters Workshop Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Carpenters Workshop Inc. demonstrates consistent operational activity with revenues hovering around $150,000-$170,000 over the past three years. While the organization has experienced slight deficits in each of the last three periods (e.g., $161,158 revenue vs. $169,502 expenses in 2023), these are relatively small given its overall scale. Its asset base is modest, ranging from $19,787 to $29,723, and liabilities are consistently minimal at $1, indicating a healthy balance sheet with no significant debt burden. The complete absence of officer compensation reported across all three filings suggests either a fully volunteer-run leadership or that compensation is covered by another entity, which is a positive indicator for donor funds directly supporting the mission. The organization's consistent filing history and minimal liabilities point to a stable, albeit small, operation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Carpenters Workshop Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Carpenters Workshop Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

No officer compensation has been reported in any of the three available filings, indicating that leadership is either entirely volunteer-based or compensated through other means, which is highly favorable for donor funds directly supporting the organization's mission given its modest revenue.

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.

Strengths

The following positive indicators were identified for Carpenters Workshop Inc:

No reported officer compensation across all filings, indicating high dedication of resources to mission.
Consistently minimal liabilities ($1), demonstrating strong financial management and no significant debt.
Stable revenue stream over the past three years, showing consistent operational activity.
Consistent IRS 990 filing history, indicating good transparency and compliance.

Frequently Asked Questions about Carpenters Workshop Inc

Is Carpenters Workshop Inc. financially stable?

Yes, despite small operational deficits in recent years (e.g., $8,344 in 2023), the organization maintains a very low liability burden ($1) and consistent revenue, indicating a stable financial position for its size.

How efficient is Carpenters Workshop Inc. with its spending?

The organization appears highly efficient, with no reported officer compensation and minimal liabilities, suggesting a significant portion of expenses are directed towards program activities. Without detailed expense breakdowns, a precise program spending ratio cannot be calculated, but the lack of officer compensation is a strong positive indicator.

Does Carpenters Workshop Inc. have high administrative costs?

Based on the absence of officer compensation and minimal liabilities, it is unlikely that Carpenters Workshop Inc. has high administrative costs. This suggests a lean operational structure.

Filing History

IRS 990 filing history for Carpenters Workshop Inc showing financial trends over 3 years of public records:

Over 3 years of IRS 990 filings (2021–2023), Carpenters Workshop Inc's revenue has grown by 5.7%, moving from $152K to $161K. Total assets decreased by 33.4% over the same period, from $30K to $20K. Total functional expenses rose by 5.2%, from $161K to $170K. In its most recent filing year (2023), Carpenters Workshop Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $1 in liabilities against $20K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $20K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$161K	$170K	$20K	$1	—	—
2022	$148K	$149K	$28K	$1	—	View 990
2021	$152K	$161K	$30K	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $161K, expenses of $170K, and assets of $20K (revenue +9.0% year-over-year).
2022: Revenue of $148K, expenses of $149K, and assets of $28K (revenue -3.0% year-over-year).
2021: Revenue of $152K, expenses of $161K, and assets of $30K.

Data Sources and Methodology

This transparency report for Carpenters Workshop 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.