Torch Of Wisdom Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 68,526 | 97,139 | −28,613 | 8.3 | — |
| 2012 | 77,883 | 99,154 | −21,271 | 5.5 | — |
| 2013 | 88,069 | 117,965 | −29,896 | 1.6 | — |
| 2014 | 96,497 | 76,121 | 20,376 | 5.7 | — |
| 2015 | 94,590 | 99,264 | −4,674 | 3.8 | — |
| 2016 | 131,306 | 93,926 | 37,380 | 8.8 | — |
| 2017 | 121,109 | 75,718 | 45,391 | 19.2 | — |
| 2018 | 218,135 | 164,024 | 54,111 | 16.3 | 0% |
| 2019 | 122,954 | 157,789 | −34,835 | 23.0 | — |
| 2020 | 216,114 | 83,047 | 133,067 | 56.3 | 0% |
| 2021 | 305,129 | 187,654 | 117,475 | 35.6 | 0% |
| 2022 | 226,147 | 212,589 | 13,558 | 28.3 | 0% |
| 2023 | 261,073 | 279,596 | −18,523 | 20.8 | 0% |
In its most recent public year (2023), this organization spent $18,523 more than it brought in. Its reserves stood at about 20.8 months of spending, up from 8.3 in 2011. Staff pay was 0% of spending. $134,863 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
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