Warm Hearth Inc

Analysis

Warm Hearth Inc is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in May 1974, 52 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Warm Hearth Inc reported income of $5.1m and spending of $2.9m, leaving 42% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $5.1m (+171%), an average of +28% a year. The sharpest change came in the year to September 2021, when income rose by 153%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Warm Hearth Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include House of Hope Inc ($5.1m), Pillars Inc ($5.1m) and FMH Foundation ($5.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $338k (12% of expenses). Other salaries and wages came to $788k. At year end it held assets of $13.6m against liabilities of $10.0m, net assets of $3.6m. It reported 448 employees.