Torchbearers

Analysis

Torchbearers is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Torchbearers reported income of $126k and spending of $103k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $126k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Torchbearers sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within OH. Charities of a similar size with the same main cause include World Soccer Organization Inc ($126k), Theta Omega Inc ($127k) and Fitness and Character Education Inc ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $269k against liabilities of $0, net assets of $269k.