Furnishing Families Of Texas
EIN: 862480684 · Keller, TX · NTEE: P99
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.2M |
| Net Assets | $173K |
Is Furnishing Families Of Texas Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Furnishing Families Of Texas
Furnishing Families Of Texas (EIN: 862480684) is a nonprofit organization based in Keller, TX, classified under NTEE code P99. The organization reported total revenue of $1.0M and total assets of $114K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Furnishing Families Of Texas's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Furnishing Families Of Texas is a mid-size nonprofit that has been operating for 3 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 77.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$194K |
| Total Assets | $195K |
| Total Liabilities | $22K |
| Net Assets | $173K |
| Operating Margin | 14.4% |
| Debt-to-Asset Ratio | 11.4% |
| Months of Reserves | 2.0 months |
Financial Health Grade: A
In 2023, Furnishing Families Of Texas reported a surplus of $194K with revenue exceeding expenses, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 11.4% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Furnishing Families Of Texas's revenue has grown at a compound annual growth rate (CAGR) of 77.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +77.6% | +48.1% | +6111.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Furnishing Families Of Texas 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 Furnishing Families Of Texas 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 surplus of $194K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.4%.
Frequently Asked Questions about Furnishing Families Of Texas
Is Furnishing Families Of Texas a legitimate charity?
Based on AI analysis of IRS 990 filings, Furnishing Families Of Texas (EIN: 862480684) insufficient data. 0 red flags identified, 0 strengths noted.
How does Furnishing Families Of Texas spend its money?
Detailed spending breakdown data is not yet available for Furnishing Families Of Texas. Check back for updated IRS 990 analysis.
Are donations to Furnishing Families Of Texas tax-deductible?
Furnishing Families Of Texas is registered as a tax-exempt nonprofit (EIN: 862480684). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Furnishing Families Of Texas located?
Furnishing Families Of Texas is headquartered in Keller, Texas and files with the IRS under EIN 862480684. It is classified under NTEE code P99.
How many years of IRS 990 filings does Furnishing Families Of Texas have?
Furnishing Families Of Texas has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.0M in total revenue.
Filing History
IRS 990 filing history for Furnishing Families Of Texas showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Furnishing Families Of Texas's revenue has grown by 77.6%, moving from $759K to $1.3M. Total assets increased by 6111.1% over the same period, from $3K to $195K. Total functional expenses rose by 48.1%, from $779K to $1.2M. In its most recent filing year (2023), Furnishing Families Of Texas reported a surplus of $194K, with revenue exceeding expenses. The organization holds $22K in liabilities against $195K in assets (debt-to-asset ratio: 11.4%), resulting in net assets of $173K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.2M | $195K | $22K | — | — |
| 2022 | $759K | $779K | $3K | $24K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Furnishing Families Of Texas:
Data Sources and Methodology
This transparency report for Furnishing Families Of Texas 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.