Overview

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Est.

2002

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Torch Foundation is a nonprofit organization dedicated to transformational training for underprivileged youth, focusing on youth organizing, foundations, and communication media. With an operating budget of $485.7K and total revenue of $162.5K for the 2023 filing year, the organization is supported by a diverse range of funders, none of which contribute 50% or more of its revenue. While specific geographic operations are not detailed, the foundation's mission emphasizes impactful training for underserved communities.

Mission Statement

TRANSFORMATIONAL TRAINING FOR UNDER-PRIVILEGED
Revenues
$162.5K
Expenses
$485.7K
Net Income:
-$323.2K
Assets
$4.9M
Liabilities
$12.4K
Net Assets:
+$4.9M
Operating Budget
$485.7K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
4
Median grant size
$8.8K
Largest grant received
$10K
C
Carlton Watson
Board Member
J
Jane Wang Garzona
Board Member
M
Michael Chiang
Board Member

Frequently Asked Questions

What is THE TORCH FOUNDATION’s budget?
In 2023, THE TORCH FOUNDATION reported an annual operating budget of around $486 thousand. More detailed financial information is available to registered users.
What causes does THE TORCH FOUNDATION support?
THE TORCH FOUNDATION supports work in Youth organizing, Communication media, and Foundations.
Where does THE TORCH FOUNDATION operate?
THE TORCH FOUNDATION is headquartered in Los Angeles, CA.
Who funded THE TORCH FOUNDATION recently?
In 2024, THE TORCH FOUNDATION received grants from UNITED WAY OF CENTRAL MASSACHUSETTS INC, Greater Worcester Community Foundation, and PACE CARES CORP. More information on this organization’s funders is available to registered users.
What is the largest grant THE TORCH FOUNDATION received in 2024?
The largest grant to THE TORCH FOUNDATION in 2024 exceeds $10 thousand.
What is THE TORCH FOUNDATION’s reliance on government grants?
THE TORCH FOUNDATION relied on government grants for more than 10% of their total revenue in 2023.