Warming Shelter Inc

Analysis

Warming Shelter Inc is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in July 2014, 12 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 December 2023, Warming Shelter Inc reported income of $793k and spending of $936k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $900k to $793k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Warming Shelter Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within IA. Charities of a similar size with the same main cause include Tallahassee RHF Housing Inc ($793k), JDD Court Housing Development Fund Corporation ($793k) and Manhattan Emergency Shelter Inc ($793k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $65k (7.0% of expenses). Other salaries and wages came to $449k. At year end it held assets of $769k against liabilities of $36k, net assets of $733k. It reported 44 employees.