Warming Hearts Foundation Ltd

Analysis

Warming Hearts Foundation Ltd is a registered charity in United States, based in Lincolnton, NC. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 December 2022, Warming Hearts Foundation Ltd reported income of $75k and spending of $18k, leaving 76% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $350k to $75k (-79%), an average of -40% a year. The sharpest change came in the year to December 2020, when income dropped by 56%. Over the whole period it spent 6.4% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Warming Hearts Foundation Ltd sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within NC. Charities of a similar size with the same main cause include American Songbird Management and Recovery ($75k), Bullywag Inc ($75k) and Yangon Animal Shelter Inc ($75k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $683k against liabilities of $0, net assets of $683k.