National Industries for the Blind

Analysis

National Industries for the Blind is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in August 1942, 84 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, National Industries for the Blind reported income of $34.5m and spending of $37.6m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $37.0m to $34.5m (-6.6%), an average of -1.7% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Industries 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 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Chinatown Service Center ($34.5m), Services for the Underserved Inc ($34.6m) and Little Red School House Inc ($34.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.5m (4.1% of expenses). Other salaries and wages came to $15.4m. At year end it held assets of $96.7m against liabilities of $57.4m, net assets of $39.3m. It reported 178 employees.