Wrap the World with Quilts

Analysis

Wrap the World with Quilts is a registered charity in United States, based in Lehi, UT. It received its IRS tax-exemption ruling in September 2022, 4 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 December 2023, Wrap the World with Quilts reported income of $6.3m and spending of $6.3m, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $5.2m to $6.3m (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wrap the World with Quilts sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within UT. Charities of a similar size with the same main cause include United Methodist Childrens Home of North Georgia Conference Inc ($6.3m), Bethesda Health Group Inc ($6.3m) and Imagine Supported Living Services ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.