Furniture Mission Of The Red River Valley
EIN: 842865001 · Fargo, ND · NTEE: P40
| Metric | Value |
|---|---|
| Total Revenue | $485K |
| Total Expenses | $381K |
| Net Assets | $69K |
Is Furniture Mission Of The Red River Valley Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Furniture Mission Of The Red River Valley
Furniture Mission Of The Red River Valley (EIN: 842865001) is a nonprofit organization based in Fargo, ND, classified under NTEE code P40. The organization reported total revenue of $485K and total assets of $92K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Furniture Mission Of The Red River Valley's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Furniture Mission Of The Red River Valley is a small nonprofit that has been operating for 7 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 37.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $403K |
| Total Expenses | $381K |
| Surplus / Deficit | +$22K |
| Total Assets | $70K |
| Total Liabilities | $860 |
| Net Assets | $69K |
| Operating Margin | 5.5% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 2.2 months |
Financial Health Grade: A
In 2023, Furniture Mission Of The Red River Valley reported a surplus of $22K with revenue exceeding expenses, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Furniture Mission Of The Red River Valley's revenue has grown at a compound annual growth rate (CAGR) of 37.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.1% | +8.9% | -6.4% |
| 2022 | +52.0% | +109.5% | +4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Furniture Mission Of The Red River Valley 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 Furniture Mission Of The Red River Valley 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 $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.2%.
Frequently Asked Questions about Furniture Mission Of The Red River Valley
Is Furniture Mission Of The Red River Valley a legitimate charity?
Based on AI analysis of IRS 990 filings, Furniture Mission Of The Red River Valley (EIN: 842865001) insufficient data. 0 red flags identified, 0 strengths noted.
How does Furniture Mission Of The Red River Valley spend its money?
Detailed spending breakdown data is not yet available for Furniture Mission Of The Red River Valley. Check back for updated IRS 990 analysis.
Are donations to Furniture Mission Of The Red River Valley tax-deductible?
Furniture Mission Of The Red River Valley is registered as a tax-exempt nonprofit (EIN: 842865001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Furniture Mission Of The Red River Valley located?
Furniture Mission Of The Red River Valley is headquartered in Fargo, North Dakota and files with the IRS under EIN 842865001. It is classified under NTEE code P40.
How many years of IRS 990 filings does Furniture Mission Of The Red River Valley have?
Furniture Mission Of The Red River Valley has 3 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 $485K in total revenue.
Filing History
IRS 990 filing history for Furniture Mission Of The Red River Valley showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Furniture Mission Of The Red River Valley's revenue has grown by 88.6%, moving from $214K to $403K. Total assets decreased by 2.3% over the same period, from $72K to $70K. Total functional expenses rose by 128.2%, from $167K to $381K. In its most recent filing year (2023), Furniture Mission Of The Red River Valley reported a surplus of $22K, with revenue exceeding expenses. The organization holds $860 in liabilities against $70K in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $69K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $403K | $381K | $70K | $860 | — | View 990 |
| 2022 | $325K | $350K | $75K | $28K | — | View 990 |
| 2021 | $214K | $167K | $72K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $403K, expenses of $381K, and assets of $70K (revenue +24.1% year-over-year).
- 2022: Revenue of $325K, expenses of $350K, and assets of $75K (revenue +52.0% year-over-year).
- 2021: Revenue of $214K, expenses of $167K, and assets of $72K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Furniture Mission Of The Red River Valley:
Data Sources and Methodology
This transparency report for Furniture Mission Of The Red River Valley 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.