Toledo Society for the Blind Inc

Analysis

Toledo Society for the Blind Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in April 1942, 84 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Toledo Society for the Blind Inc reported income of $1.1m and spending of $1.3m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $899k to $1.1m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Toledo Society for the Blind Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Focus Recovery & Wellness Community ($1.1m), Promedica Continuing Care Services Corp ($1.1m) and Neighborhood Connections Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $89k (7.0% of expenses). Other salaries and wages came to $616k. At year end it held assets of $5.4m against liabilities of $175k, net assets of $5.2m. It reported 28 employees.