Clovernook Center for the Blind and Visually Impaired

Analysis

Clovernook Center for the Blind and Visually Impaired is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in March 1959, 67 years ago. 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 April 2024, Clovernook Center for the Blind and Visually Impaired reported income of $9.1m and spending of $10.4m, spending 115% of what it took in. Across the 6 years on record, from April 2019 to April 2024, income grew from $7.0m to $9.1m (+30%), an average of +5.4% a year. The sharpest change came in the year to April 2024, when income rose by 43%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clovernook Center for the Blind and Visually Impaired sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include North Central Flint Hills Area Agency on Aging ($9.1m), Indiana Federal Community Defenders Inc ($9.1m) and Foodlink for Tulare County Inc ($9.0m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 8.0% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $353k (3.4% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $36.9m against liabilities of $1.6m, net assets of $35.2m. It reported 110 employees.