Northeastern Association for the Blind Foundation Inc

Analysis

Northeastern Association for the Blind Foundation Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northeastern Association for the Blind Foundation Inc reported income of $156k and spending of $64k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $319k to $156k (-51%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. Over the whole period it spent 213% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northeastern Association for the Blind Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Alameda Support Foundation ($156k), Frank Jones Ministries Inc ($156k) and Lesotho Nutrition Initiative ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $3.9m against liabilities of $748k, net assets of $3.1m.