The Chicago Lighthouse for People Who Are Blind or Visually Impaired

Analysis

The Chicago Lighthouse for People Who Are Blind or Visually Impaired is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2021, 5 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 June 2023, The Chicago Lighthouse for People Who Are Blind or Visually Impaired reported income of $39.7m and spending of $39.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $42.8m to $39.7m (-7.3%), an average of -1.9% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Chicago Lighthouse for People Who Are Blind or Visually Impaired sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Young Mens Christian Association of Greater Long Beach ($39.7m), Catholic Charities of Spokane ($39.7m) and Greater KC Linc Inc ($39.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $1.0m (2.6% of expenses). Other salaries and wages came to $23.3m. At year end it held assets of $42.9m against liabilities of $7.8m, net assets of $35.1m. It reported 911 employees.