Maplewood Housing for the Visually Impaired

Analysis

Maplewood Housing for the Visually Impaired is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Maplewood Housing for the Visually Impaired reported income of $5.0m and spending of $5.2m, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.6m to $5.0m (+38%), an average of +6.6% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maplewood Housing for the Visually Impaired 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 92nd percentile within IL. Charities of a similar size with the same main cause include Recovery Point of Hunting Inc ($5.0m), Deborahs Place ($5.0m) and Stanton Norfolk Inc ($5.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $156k (3.0% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $6.7m against liabilities of $261k, net assets of $6.5m. It reported 85 employees.