Pass the Torch Ministries

Analysis

Pass the Torch Ministries is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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, Pass the Torch Ministries reported income of $182k and spending of $166k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $193k to $182k (-5.5%), an average of -5.5% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pass the Torch Ministries sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 44th percentile within ND. Charities of a similar size with the same main cause include Providence Nursery School ($182k), Deer Valley Education Foundation ($182k) and Future Farmers of America ($182k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.