Household Goods Inc

Analysis

Household Goods Inc is a registered charity in United States, based in Acton, MA. It received its IRS tax-exemption ruling in September 1999, 27 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, Household Goods Inc reported income of $4.1m and spending of $4.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $4.1m (+1.0%), an average of +0.3% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Household Goods Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include DJCC Development Corporation ($4.1m), Springfield Victory Mission Inc ($4.1m) and Council on Aging of Central Oregon ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $111k (2.7% of expenses). Other salaries and wages came to $208k. At year end it held assets of $5.2m against liabilities of $762k, net assets of $4.4m. It reported 6 employees.