Furniture Mission of the Red River Valley

Analysis

Furniture Mission of the Red River Valley is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in November 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, Furniture Mission of the Red River Valley reported income of $403k and spending of $381k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $214k to $403k (+89%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Furniture Mission of the Red River Valley sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within ND. Charities of a similar size with the same main cause include JB Dondolo Inc ($403k), Center for Refugee Services ($403k) and Rocky Mountain Human Services Foundation ($403k).

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 $63k (17% of expenses). At year end it held assets of $70k against liabilities of $860, net assets of $69k. It reported 1 employees.