Dig Furniture Bank

Analysis

Dig Furniture Bank is a registered charity in United States, based in Milton, PA. It received its IRS tax-exemption ruling in June 2020, 6 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, Dig Furniture Bank reported income of $237k and spending of $175k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $153k to $237k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dig Furniture Bank sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Webster Hope Inc ($237k), Expanding Borders ($237k) and A Cappella Academy Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $18k (10% of expenses). Other salaries and wages came to $19k. At year end it held assets of $162k against liabilities of $9,955, net assets of $152k. It reported 5 employees.