Guiding Eyes for the Blind Inc

Analysis

Guiding Eyes for the Blind Inc is a registered charity in United States, based in Yorktown HTS, NY. It received its IRS tax-exemption ruling in July 1956, 70 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Guiding Eyes for the Blind Inc reported income of $37.9m and spending of $37.4m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $28.6m to $37.9m (+33%), an average of +7.3% a year. The sharpest change came in the year to September 2021, when income rose by 24%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Guiding Eyes for the Blind Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Manna Food Bank ($37.9m), Kansas City Hospice Inc ($37.9m) and Plymouth Place Inc ($37.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $2.1m (5.5% of expenses). Other salaries and wages came to $11.7m. It paid $618k in professional fundraising fees. At year end it held assets of $117.5m against liabilities of $4.4m, net assets of $113.1m. It reported 194 employees.