The Seeing Eye Inc

Analysis

The Seeing Eye Inc is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in January 1935, 91 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Seeing Eye Inc reported income of $31.8m and spending of $30.6m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $28.3m to $31.8m (+13%), an average of +3.0% a year. The sharpest change came in the year to September 2021, when income rose by 109%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Seeing Eye Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Hospice of St Francis Inc ($31.8m), Sharing Life Community Outreach Inc ($31.8m) and Milwaukee Catholic Home Inc ($31.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 61% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $1.0m (3.4% of expenses). Other salaries and wages came to $11.3m. It paid $130k in professional fundraising fees. At year end it held assets of $407.4m against liabilities of $44.1m, net assets of $363.3m. It reported 260 employees.