Torch Christian Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 43,303 | 3,228 | 40,075 | 149.0 | 0% |
| 2015 | 103,768 | 125,190 | −21,422 | 1.8 | 87% |
| 2016 | 239,938 | 214,904 | 25,034 | 2.4 | 94% |
| 2017 | 373,882 | 330,949 | 42,933 | 3.1 | 99% |
| 2018 | 350,763 | 346,590 | 4,173 | 3.1 | 97% |
| 2019 | 394,352 | 327,794 | 66,558 | 5.8 | 97% |
| 2020 | 316,250 | 342,116 | −25,866 | 4.6 | 82% |
| 2021 | 267,652 | 323,330 | −55,678 | 2.8 | 78% |
| 2022 | 308,857 | 332,852 | −23,995 | 1.9 | 92% |
In its most recent public year (2022), this organization spent $23,995 more than it brought in. Its reserves stood at about 1.9 months of spending, down from 149 in 2014. Staff pay was 92% 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 2022. 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 Christian Academy's IRS filings as a feed — one entry per filing year, through 2022. 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