Center for Hearing & Deaf Services Inc

Analysis

Center for Hearing & Deaf Services Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in April 1951, 75 years ago. 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, Center for Hearing & Deaf Services Inc reported income of $4.6m and spending of $4.5m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.7m to $4.6m (+26%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for Hearing & Deaf Services Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Yolo Community Care Continuum ($4.6m), American Association of Colleges for Teacher Education ($4.6m) and The Buckeye Institute ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $288k (6.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.1m against liabilities of $724k, net assets of $2.3m. It reported 35 employees.