The Furniture Society

Analysis

The Furniture Society is a registered charity in United States, based in Bangall, NY. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, The Furniture Society reported income of $194k and spending of $199k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $162k to $194k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Furniture Society sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Betts House Research Center Inc ($194k), International Remote Viewing Association ($194k) and Yale Daily News Publishing Company Inc ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 13% of the total. At year end it held assets of $151k against liabilities of $0, net assets of $151k.