Torch Relay for Childrens Miracle Network Inc

Analysis

Torch Relay for Childrens Miracle Network Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 February 2024, Torch Relay for Childrens Miracle Network Inc reported income of $925k and spending of $925k, spending 100% of its income. Across the 5 years on record, from February 2020 to February 2024, income fell from $1.1m to $925k (-16%), an average of -4.3% a year. The sharpest change came in the year to February 2021, when income dropped by 75%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Torch Relay for Childrens Miracle Network Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include AIDS Healthcare Foundation Texas Inc ($925k), U T Hospital Auxiliary Gift Shop Fund ($925k) and Columbia-Presbyterian Medical Center Fund Inc ($925k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.