Touch Health Inc

Analysis

Touch Health Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2004, 22 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 September 2023, Touch Health Inc reported income of $5.4m and spending of $4.7m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $6.8m to $5.4m (-21%), an average of -5.8% a year. The sharpest change came in the year to September 2022, when income rose by 106%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Touch Health Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Executive Child Development Center ($5.4m), Young Mens Christian Association ($5.4m) and Consumer Education Services Inc ($5.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $875k (19% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.5m against liabilities of $35k, net assets of $4.5m. It reported 7 employees.