Overbrook School for the Blind

Analysis

Overbrook School for the Blind is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1935, 91 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Overbrook School for the Blind reported income of $43.8m and spending of $28.3m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $33.1m to $43.8m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Overbrook School for the Blind 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 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Robert F Kennedy Community Alliance ($43.8m), Beloved Community Charter School Inc ($43.8m) and Family Life Academy Charter School ($43.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.8% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $867k (3.1% of expenses). Other salaries and wages came to $14.3m. At year end it held assets of $223.2m against liabilities of $4.9m, net assets of $218.3m. It reported 270 employees.