Furniture Mission

Analysis

Furniture Mission is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in June 2003, 23 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 Mission reported income of $816k and spending of $784k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $658k to $816k (+24%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 230%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Furniture Mission sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within SD. Charities of a similar size with the same main cause include Heartland Workers Center ($816k), New Hope Transition Center Inc ($816k) and Our Village Gardens ($815k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $81k (10% of expenses). Other salaries and wages came to $189k. At year end it held assets of $3.1m against liabilities of $538k, net assets of $2.5m. It reported 8 employees.