Center for Sight & Hearing

Analysis

Center for Sight & Hearing is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in February 1972, 54 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Center for Sight & Hearing reported income of $2.5m and spending of $2.6m, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.9m to $2.5m (+31%), an average of +5.5% a year. The sharpest change came in the year to June 2023, when income rose by 320%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Center for Sight & Hearing sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Volunteers in Medicine Jacksonville Inc ($2.5m), Center for Innovative Public Health Research ($2.5m) and CLL Global Research Foundation ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 28% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $130k (5.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $9.2m against liabilities of $461k, net assets of $8.7m. It reported 29 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.