Is Furniture Friends Legit?

Quick charity verification for Furniture Friends (EIN: 10513662)

Verdict: Furniture Friends appears trustworthy

90/100Mission Score
$396KRevenue
$234KAssets
1Red Flags
5Strengths

Red Flags

Strengths

AI Transparency Report

Furniture Friends demonstrates a consistent pattern of growth in revenue and assets over the past decade, indicating increasing capacity to fulfill its mission. For example, revenue grew from $115,937 in 2014 to $400,458 in 2023, and assets increased from $76,545 to $334,328 in the same period. The organization's spending efficiency appears strong, with expenses generally well-managed relative to revenue, leading to healthy asset accumulation. A notable aspect of their financial management is the reported 0% officer compensation across all available filings, which suggests a volunteer-driven leadership or very modest compensation not reported in this category, contributing to lower administrative overhead. The low liabilities reported in recent years also point to sound financial stewardship and minimal debt burden.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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