Carpet & Rug Institute Inc
501(c)(6)
Only null% goes to programs Strong reserves Declining revenue
Carpet & Rug Institute Inc is a 501(c)(6) organization based in Dalton, Georgia, registered in 1946, with $4,661,013 in FY2024 revenue. CharityIndex grades it D.
100 S Hamilton St, Dalton, GA, 30720 EIN 58-0511380 Since 1946
Revenue (FY2024)
$4.7M
▼ 21.1% vs prior year
Expenses (FY2024)
$6.6M
Net assets
$4.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Carpet & Rug Institute Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating8 mo reserves · -42% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Carpet & Rug Institute Inc: 8 mo reserves · -42% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Carpet & Rug Institute Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Carpet & Rug Institute Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $4.2M (FY2014) to $4.7M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $639KNet assets $4.2M
Operating margin
-41.8%
Spent more than it raised in the latest fiscal year.
Total assets
$4.9M
Total liabilities
$639K
Net assets
$4.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,661,013▼21.1% | $6,611,628▲45.9% | $4,244,000▼31.1% | $4,883,026▼28.0% | 990 |
| 2023 | $5,904,325▲152% | $4,531,634▼2.3% | $6,161,921▲27.7% | $6,777,323▲22.1% | 990 |
| 2022 | $2,346,028▼63.1% | $4,637,692▼11.8% | $4,826,681▼34.8% | $5,550,765▼29.9% | 990 |
| 2021 | $6,354,333▲4.2% | $5,259,950▼15.5% | $7,407,989▲14.4% | $7,916,112▲16.8% | 990 |
| 2020 | $6,099,937▼30.0% | $6,223,331▼18.5% | $6,473,626▼1.9% | $6,778,536▼10.4% | 990 |
| 2019 | $8,712,284▲9.3% | $7,631,755▲6.6% | $6,597,020▲19.6% | $7,566,787▲17.2% | 990 |
| 2018 | $7,967,436▼6.6% | $7,158,603▲0.3% | $5,516,491▲17.2% | $6,458,072▲1.4% | 990 |
| 2017 | $8,529,259▲0.4% | $7,134,062▼15.1% | $4,707,658▲42.1% | $6,369,049▲25.8% | 990 |
| 2016 | $8,493,071▲61.3% | $8,405,889▼0.3% | $3,312,461▲2.7% | $5,062,144▲18.9% | 990 |
| 2015 | $5,263,926▲26.7% | $8,427,849▲83.2% | $3,225,279▼49.5% | $4,258,791▼42.8% | 990 |
| 2014 | $4,154,796 | $4,601,328 | $6,389,198 | $7,450,416 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Carpet & Rug Institute Inc a legitimate nonprofit?
- Yes. Carpet & Rug Institute Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 58-0511380, based in Dalton, Georgia.
- What is Carpet & Rug Institute Inc's EIN?
- Carpet & Rug Institute Inc's Employer Identification Number (EIN) is 58-0511380.
- How much revenue does Carpet & Rug Institute Inc report?
- Carpet & Rug Institute Inc reported $4,661,013 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Carpet & Rug Institute Inc have?
- CharityIndex grades Carpet & Rug Institute Inc D, based on financial health (reserves and operating margin).
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Data for Carpet & Rug Institute Inc (EIN 58-0511380) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.