Torch Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 10,770 | 14,856 | −4,086 | 10.4 | — |
| 2013 | 2,081 | 3,196 | −1,115 | 44.2 | — |
| 2014 | 75,779 | 887 | 74,892 | 1172.6 | — |
| 2015 | 27,667 | 52,227 | −24,560 | 35.6 | — |
| 2016 | 22,511 | 123,583 | −101,072 | 14.9 | — |
| 2017 | 86,716 | 97,808 | −11,092 | 5.1 | — |
| 2018 | 157,442 | 74,985 | 82,457 | 52.4 | — |
| 2019 | 175,533 | 227,929 | −52,396 | 14.5 | — |
| 2020 | 2,723,342 | 239,967 | 2,483,375 | 137.9 | 46% |
| 2021 | 2,838,300 | 386,566 | 2,451,734 | 161.7 | 45% |
| 2022 | 257,013 | 508,498 | −251,485 | 116.8 | 62% |
| 2023 | 162,480 | 485,675 | −323,195 | 121.2 | 50% |
In its most recent public year (2023), this organization spent $323,195 more than it brought in. Its reserves stood at about 121.2 months of spending, up from 10.4 in 2012. Staff pay was 50% 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