Torch Sports Inc

Analysis

Torch Sports Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Sports Inc reported income of $328k and spending of $334k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $340k to $328k (-3.3%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Torch Sports Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Caddo Mills Youth Sports Association Inc ($328k), Novi Youth Hockey Association Inc ($328k) and Riverwood Athletic Association Inc ($328k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $168k (50% of expenses). At year end it held assets of $202k against liabilities of $6,152, net assets of $196k. It reported 2 employees.