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
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3 stored filing years plus ProPublica source
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90% program spend, health grade C
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4 peer options surfaced
| Metric | Value |
|---|---|
| Total Revenue | $172K |
| Total Expenses | $170K |
| Program Spending | 90% |
| Net Assets | $20K |
| Transparency Score | 85/100 |
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Carpenters Workshop Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Carpenters Workshop Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Carpenters Workshop Inc in one place.
Form 990 Filing Summary
3 filing years are available, with latest revenue of $161K and expenses of $170K.
Revenue and Expenses
Carpenters Workshop Inc reported $161K in revenue and $170K in expenses, a deficit of $8K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 0 red flags, and 4 strengths are shown from structured and AI review.
Is Carpenters Workshop Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $153K (90%) |
Across stored filings, Carpenters Workshop Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade C | 3 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and Category F context |
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Sparta, NJ nonprofitsCategory F in New Jersey
Health in New Jersey
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Carpenters Workshop Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Carpenters Workshop Inc is a small nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $161K |
| Total Expenses | $170K |
| Surplus / Deficit | $-8,344 |
| Total Assets | $20K |
| Total Liabilities | $1 |
| Net Assets | $20K |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1.4 months |
Financial Health Grade: C
In 2023, Carpenters Workshop Inc reported a deficit of $8K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Carpenters Workshop Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.0% | +13.4% | -29.7% |
| 2022 | -3.0% | -7.2% | -5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2021 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
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 a legitimate charity?
Carpenters Workshop Inc (EIN: 10588859) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 3 years of IRS 990 filings on record. Total revenue: $172K. No red flags identified. 4 strengths noted. Financial health grade: C.
How does Carpenters Workshop Inc spend its money?
Carpenters Workshop Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Carpenters Workshop Inc tax-deductible?
Carpenters Workshop Inc is registered as a tax-exempt nonprofit (EIN: 10588859). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Carpenters Workshop Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Carpenters Workshop Inc is above average for NTEE category F60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carpenters Workshop Inc located?
Carpenters Workshop Inc is headquartered in Sparta, New Jersey and files with the IRS under EIN 10588859. It is classified under NTEE code F60.
How many years of IRS 990 filings does Carpenters Workshop Inc have?
Carpenters Workshop Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $172K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carpenters Workshop Inc:
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.