Share the Warmth

Analysis

Share the Warmth is a registered charity in United States, based in Adrian, MI. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Share the Warmth reported income of $688k and spending of $637k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $229k to $688k (+201%), an average of +44% a year. The sharpest change came in the year to June 2022, when income rose by 127%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Share the Warmth sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Fusion-Community Center of North Jersey ($688k), Amherst Community Connections ($688k) and Invest in Neighborhoods Inc ($688k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $423k. At year end it held assets of $947k against liabilities of $27k, net assets of $920k. It reported 28 employees.