Central Furniture Rescue

Analysis

Central Furniture Rescue is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in September 2019, 7 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, Central Furniture Rescue reported income of $345k and spending of $365k, spending 106% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $315k to $345k (+9.5%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Furniture Rescue sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within IA. Charities of a similar size with the same main cause include Genesis Garden ($345k), Set Free Services ($345k) and Orlu Regional Assembly USA Inc ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $190k against liabilities of $0, net assets of $190k.