Touchstone Farm Inc

Analysis

Touchstone Farm Inc is a registered charity in United States, based in Lyndeborough, NH. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Touchstone Farm Inc reported income of $501k and spending of $803k, spending 160% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $501k (-57%), an average of -19% a year. The sharpest change came in the year to December 2021, when income dropped by 51%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Touchstone Farm Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within NH. Charities of a similar size with the same main cause include Fiesta Educativa Inc ($501k), Credit Counseling Center ($501k) and Cultiv8community ($501k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $68k (8.5% of expenses). Other salaries and wages came to $188k. At year end it held assets of $1.8m against liabilities of $1.3m, net assets of $479k. It reported 41 employees.