Furniture Bank Of Central Ohio

Organization Overview

Furniture Bank Of Central Ohio is located in Columbus, OH. The organization was established in 1998. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2023, Furniture Bank Of Central Ohio employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Furniture Bank Of Central Ohio is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Furniture Bank Of Central Ohio generated $7.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $5.7m during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO REDUCE THE IMPACT OF POVERTY BY PROVIDING FURNITURE TO CENTRAL OHIO FAMILIES AND INDIVIDUALS STRUGGLING WITH SEVERE LIFE CHALLENGES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FURNITURE BANK OF CENTRAL OHIO DISTRIBUTED OVER 30,000 PIECES OF FURNITURE TO OVER 3,500 LOW INCOME FAMILIES WITH THE HELP OF OVER 2,000 VOLUNTEERS AND OVER 9,000 FURNITURE DONORS.


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Board, Officers & Key Employees

Name (title)Compensation
Philip Washburn
President An
$155,886
Jeremy Ball
Chair
$0
Patricia Hicks
Vice Chair
$0
Thomas Mack
Treasurer
$0
Marty Rosenthal
Secretary
$0
John Snoble
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $580,000
All other contributions, gifts, grants, and similar amounts not included above$4,105,298
Noncash contributions included in lines 1a–1f $1,480,290
Total Revenue from Contributions, Gifts, Grants & Similar$4,685,298
Total Program Service Revenue$933,133
Investment income $38,403
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $2,099,338
Miscellaneous Revenue$0
Total Revenue $7,757,431

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