Furnish for Good

Analysis

Furnish for Good is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 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 May 2024, Furnish for Good reported income of $772k and spending of $760k, spending 98% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $210k to $772k (+268%), an average of +38% a year. The sharpest change came in the year to May 2023, when income rose by 94%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Furnish for Good sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Lutheran Housing Services Number 2incorporated ($772k), Share Inc ($772k) and Coalicion Apoyo Continuo a Personas Sir Hogar S J ($772k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 89% and program service revenue 9.6% of the total. Other salaries and wages came to $261k. At year end it held assets of $736k against liabilities of $13k, net assets of $722k. It reported 8 employees.