Bay Area Furniture Bank

Analysis

Bay Area Furniture Bank is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in June 2016, 10 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 June 2023, Bay Area Furniture Bank reported income of $1.6m and spending of $1.4m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $970k to $1.6m (+65%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bay Area Furniture Bank sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Marys Shelter ($1.6m), Young Womens Christian Association of Ulster County ($1.6m) and Disability Services & Legal Center ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 78% of the total. Other salaries and wages came to $448k. At year end it held assets of $1.5m against liabilities of $73k, net assets of $1.4m. It reported 12 employees.