Perkins School for the Blind

Analysis

Perkins School for the Blind is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in May 1961, 65 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Perkins School for the Blind reported income of $88.4m and spending of $98.9m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $85.8m to $88.4m (+3.0%), an average of +0.7% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Perkins School for the Blind sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Choate Rosemary Hall Foundation Incorporated ($87.9m), Queens University of Charlotte ($88.4m) and Oklahoma Baptist University ($87.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $2.2m (2.2% of expenses). Other salaries and wages came to $52.8m. It paid $123k in professional fundraising fees. At year end it held assets of $417.5m against liabilities of $34.5m, net assets of $382.9m. It reported 883 employees.