Touch4life Inc

Analysis

Touch4life Inc is a registered charity in United States, based in Clarksville, MD. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover health care, 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 June 2024, Touch4life Inc reported income of $800k and spending of $505k, leaving 37% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $744k to $800k (+7.5%), an average of +7.5% a year. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Touch4life Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Countryside Rest ($800k), Ephrata Community Health Foundation ($800k) and Jackson County Sart ($799k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Other salaries and wages came to $22k. At year end it held assets of $547k against liabilities of $158k, net assets of $389k.