Veterans Furniture Center

Analysis

Veterans Furniture Center is a registered charity in United States, based in Sun City, AZ. It received its IRS tax-exemption ruling in March 2017, 9 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, Veterans Furniture Center reported income of $72k and spending of $210k, spending 294% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $246k to $72k (-71%), an average of -27% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Veterans Furniture Center sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within AZ. Charities of a similar size with the same main cause include Helping Hands of Jackson County Inc ($72k), Somali Community Services of Mayfield ($72k) and Penn Foundation ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $321k against liabilities of $0, net assets of $321k.