Torch Christian Academy

Analysis

Torch Christian Academy is a registered charity in United States, based in Demorest, GA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2022, Torch Christian Academy reported income of $309k and spending of $333k, spending 108% of what it took in. Across the 3 years on record, from July 2020 to July 2022, income fell from $316k to $309k (-2.3%), an average of -1.2% a year. The sharpest change came in the year to July 2022, when income rose by 15%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Torch Christian Academy sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within GA. Charities of a similar size with the same main cause include Warrior Pride Boosters ($309k), Wesley Peachtree Institute Inc ($309k) and Montessori Middle School Inc ($309k).

On its Form 990 for the period ending July 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $307k. At year end it held assets of $68k against liabilities of $16k, net assets of $52k. It reported 30 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.