King-carpenter Foundation is a 501(c)(3) organization based in Albuquerque, New Mexico, registered in 2009, with $1,395,138 in FY2024 revenue. CharityIndex grades it F.
Revenue (FY2024)
$1.4M
▼ 28.8% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$2.4M
Net assets
$3.8M
Employees
—
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 King-carpenter Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 King-carpenter Foundation: 19 mo reserves · -73% margin earns a F on this criterion. See the exact thresholds →
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 King-carpenter Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 King-carpenter Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $404K (FY2013) to $1.4M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-73.3%
Spent more than it raised in the latest fiscal year.
Total assets
$3.8M
Total liabilities
$0
Net assets
$3.8M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,395,138▼28.8% | $2,417,660▲393% | $3,849,970▼21.0% | $3,849,970▼21.0% | 990PF |
| 2023 | $1,959,779▲43.8% | $490,794▲71.8% | $4,872,492▲43.2% | $4,872,492▲43.2% | 990PF |
| 2022 | $1,362,681▼4.7% | $285,604▼9.2% | $3,403,507▲12.6% | $3,403,507▲12.6% | 990PF |
| 2021 | $1,430,056▲3298% | $314,622▲12.6% | $3,023,735▲25.9% | $3,023,735▲25.9% | 990PF |
| 2020 | $42,080▼80.0% | $279,401▲70.5% | $2,401,825▼9.0% | $2,401,825▼9.0% | 990PF |
| 2019 | $210,002▲471% | $163,916▲32.2% | $2,639,146▲1.8% | $2,639,146▲1.8% | 990PF |
| 2018 | $36,764▼93.7% | $124,017▼70.4% | $2,593,060▼3.2% | $2,593,060▼3.2% | 990PF |
| 2017 | $581,700▲286% | $419,538▲244% | $2,678,233▲6.4% | $2,678,233▲6.4% | 990PF |
| 2016 | $150,530▲0.8% | $121,812▼45.7% | $2,516,613▲1.2% | $2,516,613▲1.2% | 990PF |
| 2015 | $149,359▼65.7% | $224,170▼0.4% | $2,485,672▼2.9% | $2,485,672▼2.9% | 990PF |
| 2014 | $435,157▲7.6% | $225,059▲1.2% | $2,560,723▲8.8% | $2,560,723▲8.8% | 990PF |
| 2013 | $404,321 | $222,283▲2.8% | $2,352,910▲8.4% | $2,352,910▲8.4% | 990PF |
| 2012 | — | $216,205▲28.8% | $2,170,987▲8.4% | $2,170,987▲8.4% | 990PF |
| 2011 | — | $167,903▼5.8% | $2,002,739▲7.7% | $2,002,739▲7.7% | 990PF |
| 2010 | — | $178,180 | $1,859,335 | $1,859,335 | 990PF |
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.
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Data for King-carpenter Foundation (EIN 27-0244287) 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.