Bridging Az Furniture Bank

Analysis

Bridging Az Furniture Bank is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in February 2005, 21 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, Bridging Az Furniture Bank reported income of $260k and spending of $331k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $480k to $260k (-46%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridging Az Furniture Bank sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within AZ. Charities of a similar size with the same main cause include Dare to Be Different ($260k), Bridging Relationships in Diverse Groups with Exceptional Service ($260k) and People Who Care Food Cupboard ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $12k (3.6% of expenses). Other salaries and wages came to $58k. At year end it held assets of $106k against liabilities of $165k, net assets of -$59k. It reported 3 employees.