Touchstone Services Incorporated

Analysis

Touchstone Services Incorporated is a registered charity in United States, based in Bay City, MI. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Touchstone Services Incorporated reported income of $2.7m and spending of $2.6m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.7m to $2.7m (+2.1%), an average of +0.5% a year. The sharpest change came in the year to September 2022, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Touchstone Services Incorporated sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Six Seconds ($2.7m), Genesis Christian Academy Inc ($2.7m) and Hellenic American Academy Foundation NFP ($2.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $121k (4.7% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.5m against liabilities of $473k, net assets of $2.0m. It reported 138 employees.