Xavier Society for the Blind

Analysis

Xavier Society for the Blind is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 December 2023, Xavier Society for the Blind reported income of $1.7m and spending of $1.3m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.7m (+51%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Xavier Society for the Blind sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Boy Scouts of America ($1.7m), Creative Coalition ($1.7m) and North Carolina Bar Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. Compensation of current officers, directors and key employees was $244k (19% of expenses). Other salaries and wages came to $312k. At year end it held assets of $18.1m against liabilities of $451k, net assets of $17.7m. It reported 5 employees.