Sightlife

Analysis

Sightlife is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in March 1970, 56 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Sightlife reported income of $24.1m and spending of $20.8m, spending 86% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $22.6m to $24.1m (+6.9%), an average of +1.7% a year. The sharpest change came in the year to June 2023, when income rose by 220%. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sightlife 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 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Capital Workforce Partners Inc ($24.0m), New England Laborers Training Trust Fund ($24.1m) and Southside Redevelopment Corporation ($23.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 66% of the total. Other salaries and wages came to $8.5m. At year end it held assets of $9.7m against liabilities of $4.1m, net assets of $5.5m. It reported 214 employees.