Share the Warmth Inc

Analysis

Share the Warmth Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Share the Warmth Inc reported income of $718k and spending of $201k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $489k to $718k (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 113%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Share the Warmth Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Archuleta Seniors Inc ($718k), Seeds of Hope India Inc ($718k) and Auburn Interfaith Food Closet Incorporated ($718k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.