Touchstone Residential Services

Analysis

Touchstone Residential Services is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Touchstone Residential Services reported income of $2.2m and spending of $2.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $2.2m (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Touchstone Residential Services sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include North Central Area Transit ($2.2m), Shepherds Heart Robinson Food Pantry ($2.2m) and Homeless Prevention Council Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $754k against liabilities of $169k, net assets of $585k.