Cleveland Society for the Blind

Analysis

Cleveland Society for the Blind is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in April 1928, 98 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 December 2023, Cleveland Society for the Blind reported income of $12.2m and spending of $12.8m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.4m to $12.2m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income rose by 76%. Over the whole period it spent 55% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cleveland Society for the Blind sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Step by Step Family Support Center ($12.2m), Ibero-American Action League Inc ($12.2m) and Family Services Inc ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $597k (4.6% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $148.4m against liabilities of $1.0m, net assets of $147.4m. It reported 183 employees.