Torch Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 668,311 | 391,958 | 276,353 | 23.9 | 0% |
| 2012 | 469,716 | 424,028 | 45,688 | 23.4 | 0% |
| 2013 | 323,890 | 187,450 | 136,440 | 61.7 | 0% |
| 2014 | 406,305 | 323,354 | 82,951 | 38.8 | 0% |
| 2015 | 345,986 | 270,046 | 75,940 | 49.9 | 0% |
| 2016 | 265,456 | 256,862 | 8,594 | 52.8 | 0% |
| 2017 | 549,125 | 322,489 | 226,636 | 50.5 | 0% |
| 2018 | 375,900 | 427,770 | −51,870 | 35.2 | 0% |
| 2019 | 364,356 | 132,355 | 232,001 | 139.4 | 0% |
| 2020 | 169,886 | 79,430 | 90,456 | 248.1 | 0% |
| 2021 | 13,115 | 440,564 | −427,449 | 32.6 | 0% |
| 2022 | 1,022,293 | 587,039 | 435,254 | 30.4 | 0% |
| 2023 | 5,154,691 | 4,553,595 | 601,096 | 5.7 | 0% |
In its most recent public year (2023), this organization brought in $601,096 more than it spent. Its reserves stood at about 5.7 months of spending, down from 23.9 in 2011. Staff pay was 0% of spending. $1,053,331 of its net assets are donor-restricted.
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