Operation Warm Inc

Analysis

Operation Warm Inc is a registered charity in United States, based in Glen Mills, PA. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2024, Operation Warm Inc reported income of $66.7m and spending of $63.2m, spending 95% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $25.5m to $66.7m (+162%), an average of +27% a year. The sharpest change came in the year to March 2024, when income rose by 48%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Operation Warm Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Clearbrook ($66.7m), YMCA of Greater Rochester ($67.3m) and Nysarc Inc ($66.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $955k (1.5% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $17.9m against liabilities of $2.8m, net assets of $15.1m. It reported 57 employees.