Warm Inc

Analysis

Warm Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2012, 14 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 June 2023, Warm Inc reported income of $1.4m and spending of $1.3m, spending 93% of its income. The sharpest change came in the year to June 2023, when income rose by 122%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Warm Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Healthy Handprints ($1.4m), Ability 1st Utah ($1.4m) and Leaven Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $229k (18% of expenses). Other salaries and wages came to $390k. At year end it held assets of $362k against liabilities of $164k, net assets of $197k. It reported 13 employees.