Torchlight Youth Mentoring Alliance

Analysis

Torchlight Youth Mentoring Alliance is a registered charity in United States, based in Painesville, OH. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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, Torchlight Youth Mentoring Alliance reported income of $714k and spending of $591k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $654k to $714k (+9.1%), an average of +2.2% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Torchlight Youth Mentoring Alliance sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Open Door Service Center ($714k), Artsok Inc ($714k) and Student Association Jefferson Community College ($714k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $55k (9.3% of expenses). Other salaries and wages came to $287k. At year end it held assets of $444k against liabilities of $306k, net assets of $138k. It reported 12 employees.