Beyond Vision Inc

Analysis

Beyond Vision Inc is a registered charity in United States, based in West Allis, WI. It received its IRS tax-exemption ruling in September 1985, 41 years ago. 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, Beyond Vision Inc reported income of $13.0m and spending of $7.7m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $13.0m (+595%), an average of +62% a year. The sharpest change came in the year to June 2021, when income rose by 130%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beyond Vision Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Young Mens Christian Association of Virginias Blue Ridge Inc ($13.0m), Community Action Agency of Siouxland ($13.0m) and Advocates for Basic Legal Equality ($13.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% of the total. Compensation of current officers, directors and key employees was $588k (7.7% of expenses). Other salaries and wages came to $3.0m. It paid $15k in professional fundraising fees. At year end it held assets of $38.7m against liabilities of $21.8m, net assets of $16.9m. It reported 81 employees.