Warm Foundation Inc

Analysis

Warm Foundation Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Warm Foundation Inc reported income of $160k and spending of $292k, spending 182% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $162k to $160k (-1.2%), an average of -0.3% a year. The sharpest change came in the year to December 2022, when income rose by 439%. Over the whole period it spent 44% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Warm Foundation Inc 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 49th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Leonard I Beerman Foundation for Peace and Justice ($160k), David and Ruth Moskowitz Family Charitable Foundation ($160k) and St William Council of Catholic Women ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 68% of the total. At year end it held assets of $4.7m against liabilities of $136k, net assets of $4.5m.