Touching Lives Worldwide Inc

Analysis

Touching Lives Worldwide Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, Touching Lives Worldwide Inc reported income of $130k and spending of $103k, leaving 21% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income fell from $138k to $130k (-5.6%), an average of -5.6% a year. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Touching Lives Worldwide Inc 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 44th percentile, and in the 44th percentile within MD. Charities of a similar size with the same main cause include Gladewaves ($130k), John and Clara Brady Family Foundation ($130k) and Farms for Life ($130k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.