Touch of Fire Ministries Inc

Analysis

Touch of Fire Ministries Inc is a registered charity in United States, based in Lakewood RCH, FL. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Touch of Fire Ministries Inc reported income of $368k and spending of $427k, spending 116% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $275k to $368k (+34%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Touch of Fire Ministries Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include American Hope Communications LLC ($368k), One Family Fellowship One Nation Inc ($368k) and Yagdil Torah Inc ($367k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $105k (25% of expenses). Other salaries and wages came to $164k. At year end it held assets of $74k against liabilities of $12k, net assets of $63k. It reported 15 employees.