Torch Foundation
Torch Foundation shows highly variable revenue but consistent 0% officer compensation and growing assets.
EIN: 208911377 · Round Rock, TX · Updated: 2026-03-28
Is Torch Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Torch Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Torch Foundation
Torch Foundation (EIN: 208911377) is a nonprofit organization based in Round Rock, TX. The organization reported total revenue of $15.3M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Torch Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Torch Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Torch Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Torch Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its top executives, which is highly unusual for an organization of its size with recent revenues exceeding $5 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Torch Foundation's IRS 990 filings:
- Highly volatile annual revenue, making financial forecasting challenging
- Lack of detailed spending breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Torch Foundation:
- Consistent 0% officer compensation across all filings, indicating strong commitment to mission over executive pay
- Significant growth in assets from $1,054,292 in 2014 to $4,741,994 in 2023, demonstrating long-term financial stability
- Healthy operational margin in the most recent filing (202312), with revenues of $5,154,691 exceeding expenses of $4,553,595
- Absence of liabilities in several reporting periods (e.g., 2021, 2022) indicating strong balance sheet management
Frequently Asked Questions about Torch Foundation
Is Torch Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Torch Foundation (EIN: 208911377) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Torch Foundation spend its money?
Torch Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Torch Foundation tax-deductible?
Torch Foundation is registered as a tax-exempt nonprofit (EIN: 208911377). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Torch Foundation a good charity?
Based on the available data, Torch Foundation demonstrates strong financial health with growing assets and a remarkable commitment to not paying officer compensation. However, without detailed program spending data, it's difficult to fully assess its programmatic impact and efficiency.
Why is Torch Foundation's revenue so inconsistent?
Torch Foundation's revenue has been highly inconsistent, ranging from $13,115 in 2021 to $5,154,691 in 2023. This could be due to reliance on large, infrequent grants, specific project-based funding, or significant one-time donations, but the exact reasons are not discernible from the provided data.
How does Torch Foundation manage without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that compensation for key personnel is categorized differently within the financial statements, or paid by an affiliated entity not reflected in these specific filings. This is a significant positive for donor confidence.
Filing History
IRS 990 filing history for Torch Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Torch Foundation's revenue has grown by 671.3%, moving from $668K to $5.2M. Total assets increased by 506.7% over the same period, from $782K to $4.7M. Total functional expenses rose by 1061.8%, from $392K to $4.6M. In its most recent filing year (2023), Torch Foundation reported a surplus of $601K, with revenue exceeding expenses. The organization holds $2.6M in liabilities against $4.7M in assets (debt-to-asset ratio: 54.6%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $5.2M | $4.6M | $4.7M | $2.6M | — | View 990 |
| 2022 | $1.0M | $587K | $1.5M | $0 | — | — |
| 2021 | $13K | $441K | $1.2M | $0 | — | View 990 |
| 2020 | $170K | $79K | $1.7M | $25K | — | — |
| 2019 | $364K | $132K | $1.5M | $38 | — | View 990 |
| 2018 | $376K | $428K | $1.5M | $241K | — | View 990 |
| 2017 | $549K | $322K | $1.4M | $12K | — | View 990 |
| 2016 | $265K | $257K | $1.1M | $2K | — | View 990 |
| 2015 | $346K | $270K | $1.2M | $45K | — | View 990 |
| 2014 | $406K | $323K | $1.1M | $8K | — | View 990 |
| 2013 | $324K | $187K | $1.0M | $48K | — | View 990 |
| 2012 | $470K | $424K | $829K | $2K | — | View 990 |
| 2011 | $668K | $392K | $782K | $358 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.2M, expenses of $4.6M, and assets of $4.7M (revenue +404.2% year-over-year).
- 2022: Revenue of $1.0M, expenses of $587K, and assets of $1.5M (revenue +7694.8% year-over-year).
- 2021: Revenue of $13K, expenses of $441K, and assets of $1.2M (revenue -92.3% year-over-year).
- 2020: Revenue of $170K, expenses of $79K, and assets of $1.7M (revenue -53.4% year-over-year).
- 2019: Revenue of $364K, expenses of $132K, and assets of $1.5M (revenue -3.1% year-over-year).
- 2018: Revenue of $376K, expenses of $428K, and assets of $1.5M (revenue -31.5% year-over-year).
- 2017: Revenue of $549K, expenses of $322K, and assets of $1.4M (revenue +106.9% year-over-year).
- 2016: Revenue of $265K, expenses of $257K, and assets of $1.1M (revenue -23.3% year-over-year).
- 2015: Revenue of $346K, expenses of $270K, and assets of $1.2M (revenue -14.8% year-over-year).
- 2014: Revenue of $406K, expenses of $323K, and assets of $1.1M (revenue +25.4% year-over-year).
- 2013: Revenue of $324K, expenses of $187K, and assets of $1.0M (revenue -31.0% year-over-year).
- 2012: Revenue of $470K, expenses of $424K, and assets of $829K (revenue -29.7% year-over-year).
- 2011: Revenue of $668K, expenses of $392K, and assets of $782K.
Data Sources and Methodology
This transparency report for Torch Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.