Saint Josephs Carpenter Society
Saint Josephs Carpenter Society: Strong Growth, Prudent Spending
EIN: 222756708 · Camden, NJ · NTEE: L20Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $10.0M |
| Total Expenses | $5.5M |
| Program Spending | 85% |
| Net Assets | $5.1M |
| Transparency Score | 85/100 |
Is Saint Josephs Carpenter Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Saint Josephs Carpenter Society directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Saint Josephs Carpenter Society
Saint Josephs Carpenter Society (EIN: 222756708) is a nonprofit organization based in Camden, NJ, classified under NTEE code L20Z. The organization reported total revenue of $10.0M and total assets of $13.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Saint Josephs Carpenter Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Saint Josephs Carpenter Society is a large nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.5M |
| Total Expenses | $5.5M |
| Surplus / Deficit | +$947K |
| Total Assets | $13.4M |
| Total Liabilities | $8.4M |
| Net Assets | $5.1M |
| Operating Margin | 14.7% |
| Debt-to-Asset Ratio | 62.3% |
| Months of Reserves | 29.3 months |
Financial Health Grade: A
In 2023, Saint Josephs Carpenter Society reported a surplus of $947K with revenue exceeding expenses, holds 29.3 months of operating reserves (strong position), has a debt-to-asset ratio of 62.3% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Saint Josephs Carpenter Society's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +48.3% | +37.2% | +18.3% |
| 2022 | +35.9% | +35.9% | +10.1% |
| 2021 | +25.9% | +24.6% | +37.1% |
| 2020 | -37.3% | -42.6% | +10.5% |
| 2019 | +26.6% | +26.1% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1988 |
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 Saint Josephs Carpenter Society 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, Saint Josephs Carpenter Society 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $947K, with revenue exceeding expenses.
- Debt-to-asset ratio: 62.3%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the overall expense structure suggests a reasonable allocation of funds towards programs rather than excessive administrative costs.
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 Saint Josephs Carpenter Society:
- Consistent revenue growth from $2.5M in 2020 to $10M in 2023, indicating strong fundraising and program success.
- Healthy asset growth from $7.5M in 2020 to $13.4M in 2023, demonstrating financial stability and capacity.
- High percentage of expenses dedicated to programs, reflecting a strong commitment to its mission.
- Positive net assets and low liabilities relative to assets, indicating good financial health.
- Zero reported lobbying expenses ('c0%') across all years, suggesting a focus on direct service rather than political influence.
Frequently Asked Questions about Saint Josephs Carpenter Society
Is Saint Josephs Carpenter Society a legitimate charity?
Saint Josephs Carpenter Society (EIN: 222756708) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $10.0M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Saint Josephs Carpenter Society spend its money?
Saint Josephs Carpenter Society directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Saint Josephs Carpenter Society tax-deductible?
Saint Josephs Carpenter Society is registered as a tax-exempt nonprofit (EIN: 222756708). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Saint Josephs Carpenter Society's spending goes to programs?
Saint Josephs Carpenter Society directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Saint Josephs Carpenter Society compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Saint Josephs Carpenter Society is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Saint Josephs Carpenter Society located?
Saint Josephs Carpenter Society is headquartered in Camden, New Jersey and files with the IRS under EIN 222756708. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Saint Josephs Carpenter Society have?
Saint Josephs Carpenter Society has 14 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 $10.0M in total revenue.
What does Saint Josephs Carpenter Society do?
Saint Josephs Carpenter Society is a nonprofit organization in the Housing & Shelter sector, located in Camden, New Jersey. It is classified under NTEE code L20Z.
How much revenue does Saint Josephs Carpenter Society have?
Saint Josephs Carpenter Society reported total revenue of $10,036,505. Based on 14 IRS 990 filings on record.
What are Saint Josephs Carpenter Society's total assets?
Saint Josephs Carpenter Society holds total assets of $13,420,500 as reported in IRS 990 filings.
Where is Saint Josephs Carpenter Society located?
Saint Josephs Carpenter Society is based in Camden, New Jersey.
What is Saint Josephs Carpenter Society's EIN?
Saint Josephs Carpenter Society's Employer Identification Number (EIN) is 222756708. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Saint Josephs Carpenter Society?
Saint Josephs Carpenter Society is classified under NTEE code L20Z (Housing & Shelter).
Is Saint Josephs Carpenter Society a registered 501(c)(3)?
Yes, Saint Josephs Carpenter Society is recognized as a tax-exempt organization by the IRS. EIN: 222756708.
Does Saint Josephs Carpenter Society file IRS Form 990?
Yes, Saint Josephs Carpenter Society has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Saint Josephs Carpenter Society's revenue in 2023?
In the 202312 filing period, Saint Josephs Carpenter Society reported total revenue of $6,458,054, total expenses of $5,511,376, and net assets of $13,436,998.
Is Saint Josephs Carpenter Society's revenue growing or declining?
Saint Josephs Carpenter Society's revenue is growing. Revenue went from $4,354,376 (202212) to $6,458,054 (202312), a +48.3% change. Based on 14 filings on record.
What is Saint Josephs Carpenter Society's most recent 990 filing?
The most recent IRS Form 990 filing for Saint Josephs Carpenter Society covers tax period 202312. It shows revenue of $6,458,054, expenses of $5,511,376, total assets of $13,436,998, and liabilities of $8,374,552.
How much does Saint Josephs Carpenter Society spend on programs vs administration?
Based on IRS 990 analysis, Saint Josephs Carpenter Society allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Saint Josephs Carpenter Society a trustworthy charity?
Based on AI analysis of IRS 990 data, Saint Josephs Carpenter Society appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Saint Josephs Carpenter Society's strengths?
Positive indicators for Saint Josephs Carpenter Society include: Consistent revenue growth from $2.5M in 2020 to $10M in 2023, indicating strong fundraising and program success.. Healthy asset growth from $7.5M in 2020 to $13.4M in 2023, demonstrating financial stability and capacity.. High percentage of expenses dedicated to programs, reflecting a strong commitment to its mission.. Positive net assets and low liabilities relative to assets, indicating good financial health.. Zero reported lobbying expenses ('c0%') across all years, suggesting a focus on direct service rather than political influence.. These findings are derived from AI analysis of the organization's financial filings.
How does Saint Josephs Carpenter Society compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the overall expense structure suggests a reasonable allocation of funds towards programs rather than excessive administrative costs. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Saint Josephs Carpenter Society managed to achieve such significant revenue growth in recent years, particularly from 2020 to 2023?
The organization's revenue surged from $2,546,433 in 2020 to $10,036,505 in 2023, representing a nearly four-fold increase. This rapid growth suggests successful program expansion, effective fundraising strategies, or potentially significant grant acquisition during this period.
What specific programs or initiatives are driving the substantial increase in assets, from $7.5M in 2020 to $13.4M in 2023?
The consistent increase in assets, from $7,525,663 in 2020 to $13,420,500 in 2023, indicates successful capital campaigns, property acquisitions, or significant investment in long-term assets to support their mission, such as housing development or community facilities.
Filing History
IRS 990 filing history for Saint Josephs Carpenter Society showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Saint Josephs Carpenter Society's revenue has grown by 188.2%, moving from $2.2M to $6.5M. Total assets increased by 164.1% over the same period, from $5.1M to $13.4M. Total functional expenses rose by 185.3%, from $1.9M to $5.5M. In its most recent filing year (2023), Saint Josephs Carpenter Society reported a surplus of $947K, with revenue exceeding expenses. The organization holds $8.4M in liabilities against $13.4M in assets (debt-to-asset ratio: 62.3%), resulting in net assets of $5.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.5M | $5.5M | $13.4M | $8.4M | — | View 990 |
| 2022 | $4.4M | $4.0M | $11.4M | $7.1M | — | View 990 |
| 2021 | $3.2M | $3.0M | $10.3M | $6.1M | — | View 990 |
| 2020 | $2.5M | $2.4M | $7.5M | $3.5M | — | — |
| 2019 | $4.1M | $4.1M | $6.8M | $2.8M | — | View 990 |
| 2018 | $3.2M | $3.3M | $6.8M | $2.7M | — | View 990 |
| 2017 | $4.0M | $3.6M | $5.9M | $1.6M | — | — |
| 2016 | $5.9M | $5.7M | $7.6M | $3.5M | — | View 990 |
| 2015 | $2.0M | $2.1M | $8.9M | $4.9M | — | View 990 |
| 2014 | $2.7M | $2.6M | $6.0M | $1.7M | — | View 990 |
| 2013 | $4.7M | $4.6M | $6.0M | $1.8M | — | View 990 |
| 2012 | $4.1M | $3.5M | $6.4M | $2.4M | — | View 990 |
| 2011 | $3.6M | $3.2M | $5.9M | $2.4M | — | View 990 |
| 2010 | $2.2M | $1.9M | $5.1M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.5M, expenses of $5.5M, and assets of $13.4M (revenue +48.3% year-over-year).
- 2022: Revenue of $4.4M, expenses of $4.0M, and assets of $11.4M (revenue +35.9% year-over-year).
- 2021: Revenue of $3.2M, expenses of $3.0M, and assets of $10.3M (revenue +25.9% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.4M, and assets of $7.5M (revenue -37.3% year-over-year).
- 2019: Revenue of $4.1M, expenses of $4.1M, and assets of $6.8M (revenue +26.6% year-over-year).
- 2018: Revenue of $3.2M, expenses of $3.3M, and assets of $6.8M (revenue -20.5% year-over-year).
- 2017: Revenue of $4.0M, expenses of $3.6M, and assets of $5.9M (revenue -31.1% year-over-year).
- 2016: Revenue of $5.9M, expenses of $5.7M, and assets of $7.6M (revenue +188.3% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.1M, and assets of $8.9M (revenue -25.7% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.6M, and assets of $6.0M (revenue -42.1% year-over-year).
- 2013: Revenue of $4.7M, expenses of $4.6M, and assets of $6.0M (revenue +14.7% year-over-year).
- 2012: Revenue of $4.1M, expenses of $3.5M, and assets of $6.4M (revenue +13.0% year-over-year).
- 2011: Revenue of $3.6M, expenses of $3.2M, and assets of $5.9M (revenue +62.7% year-over-year).
- 2010: Revenue of $2.2M, expenses of $1.9M, and assets of $5.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Saint Josephs Carpenter Society:
Data Sources and Methodology
This transparency report for Saint Josephs Carpenter Society 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.