Torus

Analysis

Torus is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in January 2020, 6 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, Torus reported income of $83k and spending of $122k, spending 147% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $302k to $83k (-73%), an average of -48% a year. The sharpest change came in the year to December 2022, when income dropped by 69%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Torus sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within OR. Charities of a similar size with the same main cause include Clarkston Education Foundation ($83k), Korean-American Senior Citizens League of Greater Atlanta Inc ($83k) and Burlington Area Chamber of Commerce Charitable Foundation ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.