American Furniture Masters Institute
EIN: 710872821 · Manchester, NH · NTEE: B30
| Metric | Value |
|---|---|
| Total Revenue | $107K |
| Total Expenses | $75K |
| Net Assets | $62K |
Is American Furniture Masters Institute Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About American Furniture Masters Institute
American Furniture Masters Institute (EIN: 710872821) is a nonprofit organization based in Manchester, NH, classified under NTEE code B30. The organization reported total revenue of $107K and total assets of $86K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Furniture Masters Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Furniture Masters Institute is a small nonprofit that has been operating for 24 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 22.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $75K |
| Surplus / Deficit | $-16,409 |
| Total Assets | $62K |
| Net Assets | $62K |
| Operating Margin | -27.9% |
| Months of Reserves | 9.8 months |
Financial Health Grade: B
In 2023, American Furniture Masters Institute reported a deficit of $16K with expenses exceeding revenue, holds 9.8 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2016–2023), American Furniture Masters Institute's revenue has grown at a compound annual growth rate (CAGR) of 22.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.5% | +89.8% | -21.0% |
| 2022 | -17.1% | +29.2% | +9.1% |
| 2021 | +159.2% | +46.6% | +53.5% |
| 2020 | -66.6% | -49.8% | +1.2% |
| 2019 | +84.5% | +25.1% | +96.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for American Furniture Masters Institute has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Furniture Masters Institute with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
Frequently Asked Questions about American Furniture Masters Institute
Is American Furniture Masters Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, American Furniture Masters Institute (EIN: 710872821) insufficient data. 0 red flags identified, 0 strengths noted.
How does American Furniture Masters Institute spend its money?
Detailed spending breakdown data is not yet available for American Furniture Masters Institute. Check back for updated IRS 990 analysis.
Are donations to American Furniture Masters Institute tax-deductible?
American Furniture Masters Institute is registered as a tax-exempt nonprofit (EIN: 710872821). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is American Furniture Masters Institute located?
American Furniture Masters Institute is headquartered in Manchester, New Hampshire and files with the IRS under EIN 710872821. It is classified under NTEE code B30.
How many years of IRS 990 filings does American Furniture Masters Institute have?
American Furniture Masters Institute has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $107K in total revenue.
Filing History
IRS 990 filing history for American Furniture Masters Institute showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), American Furniture Masters Institute's revenue has grown by 322.3%, moving from $14K to $59K. Total assets increased by 696.6% over the same period, from $8K to $62K. Total functional expenses rose by 257.8%, from $21K to $75K. In its most recent filing year (2023), American Furniture Masters Institute reported a deficit of $16K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $59K | $75K | $62K | $0 | — | View 990 |
| 2022 | $46K | $40K | $78K | $0 | — | View 990 |
| 2021 | $56K | $31K | $72K | $0 | — | View 990 |
| 2020 | $21K | $21K | $47K | $0 | — | — |
| 2019 | $64K | $42K | $46K | $0 | — | View 990 |
| 2018 | $35K | $33K | $23K | $0 | — | View 990 |
| 2017 | $45K | $31K | $22K | $0 | — | View 990 |
| 2016 | $14K | $21K | $8K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $59K, expenses of $75K, and assets of $62K (revenue +27.5% year-over-year).
- 2022: Revenue of $46K, expenses of $40K, and assets of $78K (revenue -17.1% year-over-year).
- 2021: Revenue of $56K, expenses of $31K, and assets of $72K (revenue +159.2% year-over-year).
- 2020: Revenue of $21K, expenses of $21K, and assets of $47K (revenue -66.6% year-over-year).
- 2019: Revenue of $64K, expenses of $42K, and assets of $46K (revenue +84.5% year-over-year).
- 2018: Revenue of $35K, expenses of $33K, and assets of $23K (revenue -22.3% year-over-year).
- 2017: Revenue of $45K, expenses of $31K, and assets of $22K (revenue +222.3% year-over-year).
- 2016: Revenue of $14K, expenses of $21K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Furniture Masters Institute:
Data Sources and Methodology
This transparency report for American Furniture Masters Institute is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.