Warm Hearth Foundation Incorporated

Analysis

Warm Hearth Foundation Incorporated is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Warm Hearth Foundation Incorporated reported income of $780k and spending of $539k, leaving 31% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $501k to $780k (+56%), an average of +12% a year. The sharpest change came in the year to September 2020, when income rose by 94%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Warm Hearth Foundation Incorporated sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Spirit 522 Inc ($780k), Ward Transitional Services Inc ($780k) and Mitchell Area Safehouse Inc ($780k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $3.5m against liabilities of $241k, net assets of $3.2m.