Industry Promotional Fund For The Wall Ceiling & Carpentry Industry

Industry Promotional Fund shows consistent revenue and asset growth, but recent years indicate expenses exceeding revenue.

EIN: 112558447 · Jericho, NY · Updated: 2026-03-28

$2.5MRevenue

$5.9MAssets

85/100Mission Score (Excellent)

Is Industry Promotional Fund For The Wall Ceiling & Carpentry Industry Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Industry Promotional Fund For The Wall Ceiling & Carpentry Industry directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Industry Promotional Fund For The Wall Ceiling & Carpentry Industry

Industry Promotional Fund For The Wall Ceiling & Carpentry Industry (EIN: 112558447) is a nonprofit organization based in Jericho, NY. The organization reported total revenue of $2.5M and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Industry Promotional Fund For The Wall Ceiling & Carpentry Industry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Industry Promotional Fund For The Wall Ceiling & Carpentry Industry demonstrates consistent financial activity, with revenues and expenses generally in the range of $1.5 million to $2.7 million over the past decade. The organization's assets have steadily grown, reaching $5,784,654 in 2023, indicating sound financial management and accumulation of resources. However, the organization has reported expenses exceeding revenue in the last two periods (2023 and 2022), with a deficit of $184,390 in 2023 and $612,805 in 2022. This trend warrants closer examination to ensure long-term sustainability, although the substantial asset base provides a buffer.

Spending efficiency appears to be a strong point, as the organization consistently reports 0% officer compensation, suggesting that resources are directed away from executive salaries. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio cannot be calculated. However, the absence of officer compensation is a positive indicator of cost control at the leadership level. The organization's liabilities remain relatively low compared to its assets, indicating a healthy balance sheet.

Transparency is generally good, with consistent IRS 990 filings over many years. The lack of reported officer compensation enhances transparency regarding how funds are allocated at the top. To further improve transparency, a more detailed breakdown of functional expenses (program, administrative, fundraising) would be beneficial for external stakeholders to fully assess spending efficiency and program impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Industry Promotional Fund For The Wall Ceiling & Carpentry Industry 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: 85%
fundraising: 5%

According to IRS 990 filings, Industry Promotional Fund For The Wall Ceiling & Carpentry Industry allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly unusual and positive financial practice for a nonprofit of its size, suggesting a strong commitment to directing funds towards its mission rather than executive salaries.

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 Industry Promotional Fund For The Wall Ceiling & Carpentry Industry's IRS 990 filings:

Expenses exceeded revenue in the last two reported periods (2023 and 2022), totaling a deficit of $797,195 over two years.
NTEE Code is unknown, which can make it harder to benchmark against similar organizations.

Strengths

The following positive indicators were identified for Industry Promotional Fund For The Wall Ceiling & Carpentry Industry:

Consistent reporting of 0% officer compensation, indicating strong cost control at the executive level.
Steady growth in assets over the past decade, from $3,293,004 in 2014 to $5,784,654 in 2023, demonstrating financial stability.
Relatively low liabilities compared to assets, indicating a healthy balance sheet.
Long history of consistent IRS 990 filings, demonstrating transparency and compliance.

Frequently Asked Questions about Industry Promotional Fund For The Wall Ceiling & Carpentry Industry

Is Industry Promotional Fund For The Wall Ceiling & Carpentry Industry a legitimate charity?

Based on AI analysis of IRS 990 filings, Industry Promotional Fund For The Wall Ceiling & Carpentry Industry (EIN: 112558447) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

How does Industry Promotional Fund For The Wall Ceiling & Carpentry Industry spend its money?

Industry Promotional Fund For The Wall Ceiling & Carpentry Industry directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Industry Promotional Fund For The Wall Ceiling & Carpentry Industry tax-deductible?

Industry Promotional Fund For The Wall Ceiling & Carpentry Industry is registered as a tax-exempt nonprofit (EIN: 112558447). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Industry Promotional Fund For The Wall Ceiling & Carpentry Industry financially sustainable given recent deficits?

While the organization reported expenses exceeding revenue in 2023 ($2,308,441 expenses vs. $2,124,051 revenue) and 2022 ($2,090,096 expenses vs. $1,477,291 revenue), its substantial asset base of $5,784,654 in 2023 provides a significant buffer. The long-term trend shows consistent revenue generation, so these deficits may be temporary, but continued monitoring is advised.

How does the organization manage without paying officer compensation?

The consistent reporting of 0% officer compensation across all filings suggests that leadership roles may be filled by volunteers, or compensation is structured in a way that isn't reported as 'officer compensation' on the 990, such as through a related entity or as general staff salaries. This practice significantly reduces overhead costs at the executive level.

What are the primary drivers of the organization's expenses?

Without a detailed functional expense breakdown (program, administrative, fundraising) from the 990, it's difficult to pinpoint the exact drivers. However, given its nature as an 'Industry Promotional Fund,' expenses likely relate to promotional activities, industry training, member services, or other initiatives supporting the wall, ceiling, and carpentry industry.

Filing History

IRS 990 filing history for Industry Promotional Fund For The Wall Ceiling & Carpentry Industry showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Industry Promotional Fund For The Wall Ceiling & Carpentry Industry's revenue has grown by 42.7%, moving from $1.5M to $2.1M. Total assets increased by 171.7% over the same period, from $2.1M to $5.8M. Total functional expenses rose by 72.2%, from $1.3M to $2.3M. In its most recent filing year (2023), Industry Promotional Fund For The Wall Ceiling & Carpentry Industry reported a deficit of $184K, with expenses exceeding revenue. The organization holds $180K in liabilities against $5.8M in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $5.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.1M	$2.3M	$5.8M	$180K	—	View 990
2022	$1.5M	$2.1M	$6.1M	$265K	—	View 990
2021	$2.1M	$1.4M	$6.6M	$200K	—	View 990
2020	$2.0M	$1.7M	$5.9M	$165K	—	View 990
2019	$2.7M	$2.0M	$5.6M	$155K	—	View 990
2018	$2.3M	$2.2M	$4.9M	$143K	—	View 990
2017	$2.3M	$1.9M	$4.8M	$136K	—	View 990
2016	$2.4M	$1.8M	$4.4M	$101K	—	View 990
2015	$2.2M	$1.8M	$3.7M	$63K	—	View 990
2014	$2.3M	$1.9M	$3.3M	$23K	—	View 990
2013	$2.1M	$1.6M	$2.9M	$59K	—	View 990
2012	$1.6M	$1.4M	$2.3M	$27K	—	View 990
2011	$1.5M	$1.3M	$2.1M	$26K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.1M, expenses of $2.3M, and assets of $5.8M (revenue +43.8% year-over-year).
2022: Revenue of $1.5M, expenses of $2.1M, and assets of $6.1M (revenue -30.3% year-over-year).
2021: Revenue of $2.1M, expenses of $1.4M, and assets of $6.6M (revenue +8.7% year-over-year).
2020: Revenue of $2.0M, expenses of $1.7M, and assets of $5.9M (revenue -28.5% year-over-year).
2019: Revenue of $2.7M, expenses of $2.0M, and assets of $5.6M (revenue +20.0% year-over-year).
2018: Revenue of $2.3M, expenses of $2.2M, and assets of $4.9M (revenue +0.7% year-over-year).
2017: Revenue of $2.3M, expenses of $1.9M, and assets of $4.8M (revenue -6.8% year-over-year).
2016: Revenue of $2.4M, expenses of $1.8M, and assets of $4.4M (revenue +11.3% year-over-year).
2015: Revenue of $2.2M, expenses of $1.8M, and assets of $3.7M (revenue -6.2% year-over-year).
2014: Revenue of $2.3M, expenses of $1.9M, and assets of $3.3M (revenue +11.8% year-over-year).
2013: Revenue of $2.1M, expenses of $1.6M, and assets of $2.9M (revenue +26.5% year-over-year).
2012: Revenue of $1.6M, expenses of $1.4M, and assets of $2.3M (revenue +10.3% year-over-year).
2011: Revenue of $1.5M, expenses of $1.3M, and assets of $2.1M.

Data Sources and Methodology

This transparency report for Industry Promotional Fund For The Wall Ceiling & Carpentry Industry 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.