Torch 180

Analysis

Torch 180 is a registered charity in United States, based in Fowlerville, MI. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Torch 180 reported income of $342k and spending of $350k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $312k to $342k (+9.8%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Torch 180 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 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Communities for Better Health ($342k), Sweetfeet ($342k) and National Council of Jewish Women Incorporated ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 38% of the total. Other salaries and wages came to $159k. At year end it held assets of $1.2m against liabilities of $401k, net assets of $837k. It reported 10 employees.