Touchstone

Analysis

Touchstone is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in January 1979, 47 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Touchstone reported income of $702k and spending of $691k, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $495k to $702k (+42%), an average of +9.1% a year. The sharpest change came in the year to August 2021, when income rose by 55%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Touchstone sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Buffalo Arts Studio ($702k), Out of the Woodworks Productions ($702k) and Junebug Productions ($702k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 56% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $110k (16% of expenses). Other salaries and wages came to $150k. At year end it held assets of $854k against liabilities of $58k, net assets of $796k. It reported 8 employees.