Touch Care Foundation Inc

Analysis

Touch Care Foundation Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Care Foundation Inc reported income of $67k and spending of $34k, leaving 50% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $134k to $67k (-50%), an average of -21% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Touch Care Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 30th percentile within FL. Charities of a similar size with the same main cause include Glastonbury Lacrosse Club Inc ($67k), Medicine Bow Nordic Association ($67k) and East Bay Division Scholarship Foundation Inc ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.