Dallas Furniture Bank

Analysis

Dallas Furniture Bank is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in November 2002, 24 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 December 2023, Dallas Furniture Bank reported income of $2.1m and spending of $2.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $297k to $2.1m (+624%), an average of +64% a year. The sharpest change came in the year to December 2021, when income rose by 271%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dallas Furniture Bank sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Childrens Home Foundation Inc ($2.1m), Gateway Housing First Inc ($2.1m) and Friends of Refugees of Eastern Europe Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $380k. At year end it held assets of $560k against liabilities of $217k, net assets of $343k. It reported 13 employees.