Furniture Friends

Analysis

Furniture Friends is a registered charity in United States, based in Westbrook, ME. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Furniture Friends reported income of $400k and spending of $338k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $254k to $400k (+58%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Furniture Friends sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 62nd percentile within ME. Charities of a similar size with the same main cause include Somos Amigos Medical Missions ($400k), Regional Child Advocacy Center Inc ($401k) and Dalton-Whitfield Indigent Care TR ($400k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $174k. At year end it held assets of $334k against liabilities of $2,864, net assets of $331k. It reported 8 employees.