One Warm Coat

Analysis

One Warm Coat is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 2002, 24 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, One Warm Coat reported income of $4.9m and spending of $4.8m, spending 98% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $4.7m to $4.9m (+4.8%), an average of +1.2% a year. The sharpest change came in the year to March 2023, when income rose by 88%. 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, One Warm Coat sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Genesis Center ($4.9m), Gogebic-Ontonagon Community Action Agency ($4.9m) and Jones Center for Families Inc ($4.9m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $155k (3.2% of expenses). Other salaries and wages came to $312k. At year end it held assets of $1.8m against liabilities of $34k, net assets of $1.8m. It reported 9 employees.