990 Scout/ Torch Foundation/ Financials

Financial Information for Torch Foundation

Torch Foundation's annual revenue was $162K in tax year 2023, reported on their IRS Form 990. They spent $486K in total expenses. 46% went to programs and services.

Financial Breakdown

What is Torch Foundation's total annual expenses?

Torch Foundation spent $486K in tax year 2023, according to their IRS Form 990 filing.

How much of Torch Foundation's budget goes to programs?

Torch Foundation spent $226K (46% of expenses) on programs and services in tax year 2023.

How much does Torch Foundation spend on overhead?

Torch Foundation's overhead in tax year 2023 includes administrative (54%) and fundraising (0%) of their expenses.

What is Torch Foundation's net worth?

Torch Foundation had net assets of $4.9M as of the end of tax year 2023.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.