Torch Foundation

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Torch Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Torch Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Torch Foundation in one place.

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 →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Torch Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Keep the Investigation Moving

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.

Organization Overview

Torch Foundation is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.6%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Torch Foundation reported a surplus of $601K with revenue exceeding expenses, holds 12.5 months of operating reserves (strong position), has a debt-to-asset ratio of 54.6% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Torch Foundation's revenue has grown at a compound annual growth rate (CAGR) of 18.6%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $601K, with revenue exceeding expenses.
• Debt-to-asset ratio: 54.6%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Torch Foundation:

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.