The Connecticut Institute for the Blind Inc

Analysis

The Connecticut Institute for the Blind Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in July 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Connecticut Institute for the Blind Inc reported income of $93.5m and spending of $100.9m, spending 108% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income grew from $90.3m to $93.5m (+3.6%), an average of +0.7% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Connecticut Institute for the Blind Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Dr Gertrude a Barber Center Inc ($93.5m), Ablelight Inc ($93.6m) and Childrens Institute Inc ($93.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $618k (0.6% of expenses). Other salaries and wages came to $48.9m. At year end it held assets of $88.5m against liabilities of $24.0m, net assets of $64.5m. It reported 1,123 employees.