Warmhearted Academy

Analysis

Warmhearted Academy is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 April 2023, Warmhearted Academy reported income of $151k and spending of $138k, spending 92% of its income. Across the 2 years on record, from April 2022 to April 2023, income grew from $145k to $151k (+4.1%), an average of +4.1% a year. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Warmhearted Academy sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include V O I C Experience Foundation ($151k), Upstairs Artspace ($151k) and Nye Family of America Association Inc ($151k).

On its Form 990-EZ for the period ending April 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.