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Passes our checks

Furniture Bank

EIN 47-0907461 · Houston, TX

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak32 out of 100GovernanceWeak40 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE FURNITURE BANK IS A CHARITABLE ORGANIZATION THAT COLLECTS AND DISTRIBUTES FURNITURE AND HOME FURNISHINGS TO THOSE IN NEED.

Income
$3.2 million
Spending
$2.9 million
Spent on programs
100%
Reserves
-10.4 months of spending
Largest source of income
fees for its services, 38%
Employees
53
Volunteers
160
Highest pay
$70,000, executive di

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 32 out of 100. Higher than 4% of charities in its peer group (human services, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 95% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 10% of income.

  • Income trend

    0 of 15

    Income fell 33% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 40 out of 100. Higher than 4% of charities in its peer group (human services, $1m to $10m).

  • Independent board

    25 of 25

    13 of 13 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. THE FURNITURE BANK IS A CHARITABLE ORGANIZATION THAT COLLECT DISTRIBUTES FURNITURE AND HOME FURNISHINGS FREE OF CHARGE OR REDUCED IN PRICE FOR PEOPLE IN NEED THAT HAVE RECEIVED HOUSING ASSISTANCE THROUGH A SOCIAL SERVICE AGENCY OR CHARITY IN THE HOUSTON AREA. SERVICES HAVE BEEN PROVIDED FOR OVER 24000 FAMILIES SINCE FURNITURE BANK'S 1992 INCEPTION.
  2. $2.9 million spent. THE FURNITURE BANK IS A CHARITABLE ORGANIZATION THAT COLLECT DISTRIBUTES FURNITURE AND HOME FURNISHINGS FREE OF CHARGE OR REDUCED IN PRICE FOR PEOPLE IN NEED THAT HAVE RECEIVED HOUSING ASSISTANCE THROUGH A SOCIAL SERVICE AGENCY OR CHARITY IN THE HOUSTON AREA. SERVICES HAVE BEEN PROVIDED FOR OVER 24000 FAMILIES SINCE FURNITURE BANK'S 1992 INCEPTION.
  3. THE FURNITURE BANK IS A CHARITABLE ORGANIZATION THAT COLLECT DISTRIBUTES FURNITURE AND HOME FURNISHINGS FREE OF CHARGE OR REDUCED IN PRICE FOR PEOPLE IN NEED THAT HAVE RECEIVED HOUSING ASSISTANCE THROUGH A SOCIAL SERVICE AGENCY OR CHARITY IN THE HOUSTON AREA. SERVICES HAVE BEEN PROVIDED FOR OVER 24000 FAMILIES SINCE FURNITURE BANK'S 1992 INCEPTION.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2003.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.