Human Services
(P20)
IRS Verified
DX Registered
990 on File
FURNISHING HOPE INC
Financial strength (30%)
71/100
Reliability (20%)
55/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Furnishing Hope serves our wounded military heroes and previously homeless single parents with children as they transition into independent living. We provide and install new basic home furnishings, mattresses, box springs, bedding and kitchen and bathroom supplies for the homes of our recipient families, most of whom have few or none of these components necessary to establish a home. In 2018, Furnishing Hope furnished 145 homes for our transitioning families. In 2019, we will furnish 100 more.
Financial Overview — FY 2024
$1.4M
Total Revenue
$1.7M
Total Expenses
$2.9M
Net Assets
1
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
96.6%
Fundraising Efficiency
N/A
Operating Reserve
20.55x
Liability-to-Asset
3.9%
Revenue Diversification
112.7%
Executive Compensation
$160K
Compared with Peers
FY 2024
Compared with 7,588 similar organizations
(United States, Human Services, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
96.6% | 85.5% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
3.4% | 11.3% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.4% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
20.6 mo | 8.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
3.9% | 13.3% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
112.7% | 93.2% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
105.0% | 7.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
88.6% | 7.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-16.8% | 1.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.4M | $1.7M | $2.9M | 96.6% | 1 |
| 2023 | $703K | $892K | $3.1M | 95.8% | 6 |
| 2022 | $870K | $872K | $3.3M | 92.9% | 6 |
| 2021 | $3.7M | $1.3M | N/A | — | 14 |
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