Horizons for the Blind Inc

Analysis

Horizons for the Blind Inc is a registered charity in United States, based in Crystal Lake, IL. It received its IRS tax-exemption ruling in August 1977, 49 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, Horizons for the Blind Inc reported income of $2.4m and spending of $1.5m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.4m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Horizons for the Blind Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Chi St Josephs Children ($2.4m), Summit Counseling Inc ($2.4m) and Nova Counseling Services Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $87k (5.7% of expenses). Other salaries and wages came to $566k. At year end it held assets of $5.1m against liabilities of $138k, net assets of $5.0m. It reported 23 employees.