Torch Of Freedom Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 182,416 | 166,694 | 15,722 | 3.8 | — |
| 2012 | 199,336 | 194,940 | 4,396 | 3.5 | 62% |
| 2013 | 158,656 | 312,249 | −153,593 | 1.6 | 36% |
| 2014 | 524,705 | 495,264 | 29,441 | 1.6 | 45% |
| 2015 | 395,084 | 402,562 | −7,478 | 2.2 | 51% |
| 2016 | 479,997 | 429,414 | 50,583 | 3.2 | 50% |
| 2017 | 581,203 | 450,237 | 130,966 | 6.5 | 45% |
| 2018 | 537,627 | 483,249 | 54,378 | 7.4 | 39% |
| 2019 | 790,550 | 856,573 | −66,023 | 3.3 | 36% |
| 2020 | 1,233,499 | 1,079,800 | 153,699 | 4.3 | 29% |
| 2021 | 2,567,952 | 2,281,008 | 286,944 | 3.6 | 17% |
| 2022 | 3,748,023 | 2,840,276 | 907,747 | 6.7 | 19% |
| 2023 | 4,669,638 | 4,056,014 | 613,624 | 6.3 | 23% |
In its most recent public year (2023), this organization brought in $613,624 more than it spent. Its reserves stood at about 6.3 months of spending, up from 3.8 in 2011. Staff pay was 23% 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works