Vision Loss Resources Inc

Analysis

Vision Loss Resources Inc is a registered charity in United States, based in Little Canada, MN. It received its IRS tax-exemption ruling in November 1955, 71 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 December 2023, Vision Loss Resources Inc reported income of $2.7m and spending of $2.1m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.7m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vision Loss Resources Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Cornerstone Community Development Corporation NFP ($2.7m), Maitri Compassionate Care ($2.7m) and Share Foundation with the Handicapped Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 42% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $15.8m against liabilities of $1.4m, net assets of $14.5m. It reported 84 employees.