Touches of Hope Inc

Analysis

Touches of Hope Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Touches of Hope Inc reported income of $59k and spending of $66k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $70k to $59k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Touches of Hope Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within GA. Charities of a similar size with the same main cause include Diversified Educational Foundation ($59k), Beauty for Ashes Project ($60k) and Arlington Sister City Association Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,312 against liabilities of $0, net assets of $5,312.