Touch-Stone Solutions Inc

Analysis

Touch-Stone Solutions Inc is a registered charity in United States, based in Meadville, PA. It received its IRS tax-exemption ruling in May 1996, 30 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 June 2023, Touch-Stone Solutions Inc reported income of $7.5m and spending of $6.0m, leaving 20% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.5m to $7.5m (+36%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Touch-Stone Solutions Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Thrive Support & Advocacy Inc ($7.5m), Portfolio Resident Services Inc ($7.5m) and Young Mens Christian Association of Northwest Florida Inc ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $8.0m against liabilities of $290k, net assets of $7.7m. It reported 107 employees.