Association for Vision Rehabilitation and Employment Inc

Analysis

Association for Vision Rehabilitation and Employment Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in September 1939, 87 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Association for Vision Rehabilitation and Employment Inc reported income of $4.4m and spending of $4.4m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.7m to $4.4m (-6.7%), an average of -2.3% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Association for Vision Rehabilitation and Employment Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Swi Industrial Solutions Inc ($4.4m), Regional Business Council ($4.4m) and Cache Employment & Training Center ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $457k (10% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $14.3m against liabilities of $2.4m, net assets of $11.9m. It reported 64 employees.