Touchstones Discussion Project Inc

Analysis

Touchstones Discussion Project Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Touchstones Discussion Project Inc reported income of $445k and spending of $493k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $535k to $445k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Touchstones Discussion Project Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Homewood City Schools Foundation Inc ($445k), Mackay Home School Association ($445k) and Friends of Forensics ($445k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $121k (25% of expenses). Other salaries and wages came to $128k. At year end it held assets of $690k against liabilities of $227k, net assets of $463k. It reported 9 employees.