Fresh Start Furniture Bank Inc

Analysis

Fresh Start Furniture Bank Inc is a registered charity in United States, based in Hudson, MA. It received its IRS tax-exemption ruling in September 2014, 12 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, Fresh Start Furniture Bank Inc reported income of $628k and spending of $628k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $484k to $628k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 67%. 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, Fresh Start Furniture Bank Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Rogers County Elder Day Care Center Inc ($628k), Family Values for Life ($628k) and Reaching Avery Ministry ($628k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $37k. It paid $3,153 in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $684k, net assets of $669k. It reported 1 employees.