American Foundation for the Blind Inc

Analysis

American Foundation for the Blind Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in April 1922, 104 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 June 2023, American Foundation for the Blind Inc reported income of $8.6m and spending of $7.7m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.9m to $8.6m (-3.7%), an average of -0.9% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Foundation for the Blind Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within WV. Charities of a similar size with the same main cause include Kroger Co Zero Hunger Zero Waste Foundation ($8.6m), Allegan County Resource Development Committee Inc ($8.6m) and Christian Relief Services Charities Inc ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $1.7m (22% of expenses). Other salaries and wages came to $2.7m. It paid $221k in professional fundraising fees. At year end it held assets of $28.7m against liabilities of $1.1m, net assets of $27.6m. It reported 75 employees.