Torchbearers International

Analysis

Torchbearers International is a registered charity in United States, based in Estes Park, CO. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 August 2023, Torchbearers International reported income of $3.3m and spending of $1.9m, leaving 42% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $1,937 to $3.3m (+170443%), an average of +170443% a year. The sharpest change came in the year to August 2023, when income rose by 170443%. Over the whole period it spent 58% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Torchbearers International sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Project42 ($3.3m), Hillel the Foundation for Jewish Campus Life ($3.3m) and Yehudi Inc ($3.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $65k (3.4% of expenses). Other salaries and wages came to $616k. At year end it held assets of $1.4m against liabilities of $7,511, net assets of $1.4m. It reported 22 employees.