Furnishing Families of Texas

Analysis

Furnishing Families of Texas is a registered charity in United States, based in Keller, TX. It received its IRS tax-exemption ruling in February 2023, 3 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, Furnishing Families of Texas reported income of $1.3m and spending of $1.2m, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $759k to $1.3m (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Furnishing Families of Texas sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Rehabilitation Education Advocacy for Citizens with Handicaps ($1.3m), Limon Child Development Center ($1.3m) and Hmong American Womens Association ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $277k. At year end it held assets of $195k against liabilities of $22k, net assets of $173k. It reported 8 employees.