Torch Foundation

Analysis

Torch Foundation is a registered charity in United States, based in Commack, NY. It received its IRS tax-exemption ruling in March 1993, 33 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 October 2023, Torch Foundation reported income of $70k and spending of $142k, spending 204% of what it took in. Across the 4 years on record, from October 2020 to October 2023, income fell from $328k to $70k (-79%), an average of -40% a year. The sharpest change came in the year to October 2021, when income dropped by 61%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Torch Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Quabbin Food Connector ($70k), Bradleys Equine Assisted Therapeutic Riding Center Inc ($70k) and Education for Conflict Resolution Inc ($70k).

At year end it held assets of $393k against liabilities of $10k, net assets of $383k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.