Furniture Project Omaha

Analysis

Furniture Project Omaha is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Project Omaha reported income of $1.2m and spending of $765k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $487k to $1.2m (+142%), an average of +142% a year. The sharpest change came in the year to December 2023, when income rose by 142%. Over the whole period it spent 58% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Furniture Project Omaha sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NE. Charities of a similar size with the same main cause include Bishop John R McGann Senior Housing Development Fund Company Inc ($1.2m), Jubilee Homes of Syracuse Inc ($1.2m) and Cornerstone West Community Development Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $94k (12% of expenses). Other salaries and wages came to $288k. It paid $9,816 in professional fundraising fees. At year end it held assets of $762k against liabilities of $0, net assets of $762k. It reported 11 employees.