Warm Supportive Homes Inc

Analysis

Warm Supportive Homes Inc is a registered charity in United States, based in Cumberland, RI. It received its IRS tax-exemption ruling in May 2009, 17 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 June 2024, Warm Supportive Homes Inc reported income of $113k and spending of $151k, spending 133% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income grew from $86k to $113k (+31%), an average of +9.4% a year. The sharpest change came in the year to June 2024, when income rose by 22%. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Warm Supportive Homes Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within RI. Charities of a similar size with the same main cause include Cane Manor Inc ($113k), Lapaz Garden Court Inc ($113k) and Golden Age Apartments Inc ($113k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 43% of the total. Other salaries and wages came to $7,869. At year end it held assets of $1.5m against liabilities of $1.3m, net assets of $187k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.