Warm Hearts Foundation
Warm Hearts Foundation maintains stable finances with zero reported officer compensation and consistent asset growth.
EIN: 134218409 · Grand Rapids, MI · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $539K |
| Total Expenses | $340K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $539,483 |
| Net Assets | $105K |
| Transparency Score | 85/100 |
Is Warm Hearts Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Warm Hearts Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Warm Hearts Foundation
Warm Hearts Foundation (EIN: 134218409) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code Q33. The organization reported total revenue of $539K and total assets of $251K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Warm Hearts Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Warm Hearts Foundation is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $349K |
| Total Expenses | $340K |
| Surplus / Deficit | +$9K |
| Total Assets | $105K |
| Net Assets | $105K |
| Operating Margin | 2.6% |
| Months of Reserves | 3.7 months |
Financial Health Grade: A
In 2023, Warm Hearts Foundation reported a surplus of $9K with revenue exceeding expenses, holds 3.7 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Warm Hearts Foundation's revenue has grown at a compound annual growth rate (CAGR) of 18.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.1% | -1.4% | +9.7% |
| 2022 | -0.1% | +26.6% | -39.0% |
| 2021 | +23.7% | +11.2% | +8.1% |
| 2020 | -48.8% | -38.5% | -9.6% |
| 2019 | -17.6% | -22.7% | +46.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Warm Hearts Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Warm Hearts Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer roles, which significantly reduces overhead for a nonprofit of its size (latest revenue $539,483).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Warm Hearts Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data prevents deeper efficiency analysis.
Strengths
The following positive indicators were identified for Warm Hearts Foundation:
- Consistent revenue generation over a decade, demonstrating sustainability.
- Zero reported liabilities across all filings, indicating strong financial health and no debt.
- Consistent reporting of 0% officer compensation, suggesting low administrative overhead.
- Positive asset growth from $40,541 in 2014 to $104,583 in 2023.
- High transparency with 13 years of publicly available IRS 990 filings.
Frequently Asked Questions about Warm Hearts Foundation
Is Warm Hearts Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Warm Hearts Foundation (EIN: 134218409) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Warm Hearts Foundation spend its money?
Warm Hearts Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Warm Hearts Foundation tax-deductible?
Warm Hearts Foundation is registered as a tax-exempt nonprofit (EIN: 134218409). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Warm Hearts Foundation CEO make?
Warm Hearts Foundation's highest-compensated officer earns $539,483 annually. The organization reported $539K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Warm Hearts Foundation's spending goes to programs?
Warm Hearts Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Warm Hearts Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Warm Hearts Foundation is above average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Warm Hearts Foundation located?
Warm Hearts Foundation is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 134218409. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Warm Hearts Foundation have?
Warm Hearts Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $539K in total revenue.
Is Warm Hearts Foundation financially stable?
Yes, Warm Hearts Foundation appears financially stable. It has consistently generated revenue over the past decade, with assets growing from $40,541 in 2014 to $104,583 in 2023, and has reported zero liabilities across all filings, indicating a healthy balance sheet.
How does Warm Hearts Foundation manage its expenses?
The organization generally manages its expenses effectively, with expenses closely tracking revenue. For example, in 2023, expenses were $339,722 against revenues of $348,934, indicating that most incoming funds are utilized for operations rather than accumulating large surpluses.
Does Warm Hearts Foundation pay its officers?
Based on the provided IRS 990 data, Warm Hearts Foundation consistently reports 0% officer compensation across all 13 filings, suggesting that officers are either volunteers or compensated in a manner not categorized as officer compensation.
Filing History
IRS 990 filing history for Warm Hearts Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Warm Hearts Foundation's revenue has grown by 648.6%, moving from $47K to $349K. Total assets increased by 57.3% over the same period, from $67K to $105K. Total functional expenses rose by 426.5%, from $65K to $340K. In its most recent filing year (2023), Warm Hearts Foundation reported a surplus of $9K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $349K | $340K | $105K | $0 | — | — |
| 2022 | $284K | $344K | $95K | $0 | — | View 990 |
| 2021 | $284K | $272K | $156K | $0 | — | View 990 |
| 2020 | $229K | $245K | $145K | $0 | — | View 990 |
| 2019 | $449K | $398K | $160K | $0 | — | View 990 |
| 2018 | $544K | $515K | $109K | $0 | — | View 990 |
| 2017 | $385K | $358K | $80K | $0 | — | View 990 |
| 2016 | $247K | $239K | $62K | $0 | — | View 990 |
| 2015 | $143K | $129K | $54K | $0 | — | View 990 |
| 2014 | $117K | $118K | $41K | $0 | — | View 990 |
| 2013 | $82K | $88K | $41K | $0 | — | View 990 |
| 2012 | $70K | $89K | $47K | $0 | — | View 990 |
| 2011 | $47K | $65K | $67K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $349K, expenses of $340K, and assets of $105K (revenue +23.1% year-over-year).
- 2022: Revenue of $284K, expenses of $344K, and assets of $95K (revenue -0.1% year-over-year).
- 2021: Revenue of $284K, expenses of $272K, and assets of $156K (revenue +23.7% year-over-year).
- 2020: Revenue of $229K, expenses of $245K, and assets of $145K (revenue -48.8% year-over-year).
- 2019: Revenue of $449K, expenses of $398K, and assets of $160K (revenue -17.6% year-over-year).
- 2018: Revenue of $544K, expenses of $515K, and assets of $109K (revenue +41.3% year-over-year).
- 2017: Revenue of $385K, expenses of $358K, and assets of $80K (revenue +55.9% year-over-year).
- 2016: Revenue of $247K, expenses of $239K, and assets of $62K (revenue +72.5% year-over-year).
- 2015: Revenue of $143K, expenses of $129K, and assets of $54K (revenue +22.0% year-over-year).
- 2014: Revenue of $117K, expenses of $118K, and assets of $41K (revenue +43.7% year-over-year).
- 2013: Revenue of $82K, expenses of $88K, and assets of $41K (revenue +17.1% year-over-year).
- 2012: Revenue of $70K, expenses of $89K, and assets of $47K (revenue +49.7% year-over-year).
- 2011: Revenue of $47K, expenses of $65K, and assets of $67K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Warm Hearts Foundation:
Data Sources and Methodology
This transparency report for Warm Hearts Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.