More Than a Bed

Analysis

More Than a Bed is a registered charity in United States, based in Tucson, AZ. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, More Than a Bed reported income of $1.6m and spending of $1.3m, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $720k to $1.6m (+117%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, More Than a Bed sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within AZ. Charities of a similar size with the same main cause include New Directions Ofhorry County ($1.6m), Operation Recovery Inc ($1.6m) and Juvenile Transition Center Inc ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $80k (6.0% of expenses). Other salaries and wages came to $281k. At year end it held assets of $2.8m against liabilities of $13k, net assets of $2.8m. It reported 19 employees.