Furnishhopedc

Analysis

Furnishhopedc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Furnishhopedc reported income of $200k and spending of $148k, leaving 26% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $227k to $200k (-12%), an average of -6.1% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Furnishhopedc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Sabine County & Agricultural Improvement Youth Fouondation ($200k), Hall County Historical Society Inc ($200k) and National Ambucs Inc ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $228k against liabilities of $1,000, net assets of $227k.