Furniture Sharehouse Inc

Analysis

Furniture Sharehouse Inc is a registered charity in United States, based in Larchmont, NY. It received its IRS tax-exemption ruling in June 2006, 20 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 June 2023, Furniture Sharehouse Inc reported income of $689k and spending of $642k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $601k to $689k (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Furniture Sharehouse Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Trillium Family Services Foundation Inc ($689k), Save Latin America Inc ($689k) and Alcorn County Human Resource Agency ($689k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.3% of the total. At year end it held assets of $642k against liabilities of $8,827, net assets of $633k.