Furniture Assist Inc

Analysis

Furniture Assist Inc is a registered charity in United States, based in Springfield, NJ. It received its IRS tax-exemption ruling in October 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 December 2023, Furniture Assist Inc reported income of $364k and spending of $343k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $425k to $364k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Furniture Assist Inc 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 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Radcliff Elderly Housing Inc ($364k), Harvest House Outreach Inc ($364k) and I5458 Ministries Inc ($364k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 9.8% of the total. At year end it held assets of $325k against liabilities of $149k, net assets of $176k.