Daniel Carl Torsch Foundation Inc

Analysis

Daniel Carl Torsch Foundation Inc is a registered charity in United States, based in Nottingham, MD. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Daniel Carl Torsch Foundation Inc reported income of $624k and spending of $570k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $436k to $624k (+43%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Daniel Carl Torsch Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Shelter From the Storm ($623k), Domestic Violence Intervention of Lebanon County Inc ($624k) and Freedom Crusades ($623k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $32k (5.6% of expenses). Other salaries and wages came to $270k. At year end it held assets of $209k against liabilities of $0, net assets of $209k.