Torch Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 280,881 | 258,568 | 22,313 | 14.9 | 0% |
| 2012 | 61,030 | 93,608 | −32,578 | 36.9 | 0% |
| 2013 | 138,147 | 152,458 | −14,311 | 21.6 | 0% |
| 2014 | 175,104 | 126,960 | 48,144 | 30.4 | 0% |
| 2015 | 150,483 | 150,060 | 423 | 25.8 | 0% |
| 2016 | 157,869 | 171,184 | −13,315 | 21.7 | 0% |
| 2017 | 180,951 | 168,731 | 12,220 | 22.9 | 0% |
| 2018 | 190,979 | 139,784 | 51,195 | 32.0 | 0% |
| 2020 | 327,595 | 171,307 | 156,288 | 32.3 | 0% |
| 2021 | 126,879 | 130,594 | −3,715 | 42.0 | 0% |
| 2022 | 115,667 | 116,515 | −848 | 47.0 | 0% |
| 2023 | 69,520 | 142,069 | −72,549 | 32.4 | 0% |
In its most recent public year (2023), this organization spent $72,549 more than it brought in. Its reserves stood at about 32.4 months of spending, up from 14.9 in 2011. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Torch Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works