Penrickton Center for Blind Children

Analysis

Penrickton Center for Blind Children is a registered charity in United States, based in Taylor, MI. It received its IRS tax-exemption ruling in September 1956, 70 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Penrickton Center for Blind Children reported income of $2.7m and spending of $2.8m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.9m to $2.7m (-5.4%), an average of -1.4% a year. The sharpest change came in the year to August 2021, when income rose by 23%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Penrickton Center for Blind Children 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 89th percentile within MI. Charities of a similar size with the same main cause include Partnerships for Trauma Recovery ($2.7m), McKenna Management ($2.7m) and Chi St Vincent Hot Springs ($2.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $432k (16% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $13.5m against liabilities of $200k, net assets of $13.3m. It reported 53 employees.