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Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).
Provides transformative training to empower underprivileged individuals. For fiscal year 2022 it reported $257K in revenue, $508K in expenses, and $4.9M in net assets.Pt I
- Type
- Public foundation / grantmaker · Foundations & Grantmakers
- Location
- Los Angeles, CA
- Website
- thetorchfoundation.org
- Filings
- 4 on file (2020–2022)
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What Funders Ask
Will my donation be tax-deductible?
GOODYes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.
IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →
Can I donate to this org right now?
GOODYes — exemption reinstated (2010-05-15)
The IRS auto-revocation list shows this EIN's exemption reinstated. See detail →
Is this organization up to date?
WARNINGLast filed FY2023 — 3 yrs ago
Most recent Form 990 on file is for fiscal year 2023 (3 years ago). See detail →
Is it receiving grants from reputable foundations?
GOOD1 funder — Greater Worcester Community Foundation INC
1 distinct foundation funder(s) on file, $10K received in the most recent year with grants. See detail →
How is the money spent?
CRITICAL43% to programs
43% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →
What's its financial size and trend?
NEUTRAL$100K–1M · ↓ -91% vs prior year
Revenue band $100K–1M, -91% versus the prior filing year (down). See detail →
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Carlton Watson’s $151K as President & CEO is at the 96th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2023 | FY2022 | FY2021 |
|---|---|---|---|
| Carlton Watson | $151,000 | $151,000 | $44,042 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Where the work happens
Torch Teen Training Program
The torch foundation offers transformational leadership workshops for teens, ages 13-17. The two-day workshops are tailored to the unique interests and needs of teens, and they provide a safe, engaging, and inspirational environment for profound self-discovery and growth.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 43% | — | — |
| Overhead ratio | 55% | — | — |
| Fundraising cost ratio | 6% | — | — |
| Revenue growth | -91% | — | — |
| Accounting fee ratio | 1% | — | — |
| Fundraising fee ratio | 3% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
Names, privacy, and removal requests More
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