Industries for the Blind and Visually Impaired Inc

Analysis

Industries for the Blind and Visually Impaired Inc is a registered charity in United States, based in West Allis, WI. It received its IRS tax-exemption ruling in July 1953, 73 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 September 2023, Industries for the Blind and Visually Impaired Inc reported income of $21.3m and spending of $12.6m, leaving 41% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.6m to $21.3m (+21%), an average of +5.0% a year. The sharpest change came in the year to September 2023, when income rose by 161%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Industries for the Blind and Visually Impaired Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include Goodwill Industries - Knoxville Inc ($21.2m), Goodwill Industries of Northeast Iowa Inc ($21.3m) and Reinvestment Partners ($21.2m).

Compensation of current officers, directors and key employees was $2.4m (19% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $93.7m against liabilities of $27.1m, net assets of $66.6m. It reported 265 employees.