Torrance Police Foundation

Analysis

Torrance Police Foundation is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 June 2023, Torrance Police Foundation reported income of $214k and spending of $117k, leaving 45% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $140k to $214k (+53%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 60% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Torrance Police Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include New Market Volunteer Fire Co Inc ($214k), Delhi Firefighters Foundation Inc ($214k) and Bethel Community Fire Protection Association Inc ($214k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $648k against liabilities of $0, net assets of $648k.