Connecticut Institute for the Blind

Analysis

Connecticut Institute for the Blind is a registered charity in United States, based in Hartford, CT. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Connecticut Institute for the Blind reported income of $1.8m and spending of $1.6m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.8m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Connecticut Institute for the Blind sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include Albion Fellows Bacon Center Inc ($1.8m), Commerce Childrens Center Assoc ($1.8m) and Go Pantry Corporation ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Other salaries and wages came to $69k. At year end it held assets of $4.2m against liabilities of $3.0m, net assets of $1.3m. It reported 10 employees.