Blind Institute of Technology

Analysis

Blind Institute of Technology is a registered charity in United States, based in Thornton, CO. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Blind Institute of Technology reported income of $1.1m and spending of $1.3m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $577k to $1.1m (+87%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blind Institute of Technology sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Des Moines Area Medical Education Consortium Inc ($1.1m), Villa Rosa Inc ($1.1m) and Rotary Club of Houston Heights Charitable Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $157k (12% of expenses). Other salaries and wages came to $520k. At year end it held assets of $279k against liabilities of $203k, net assets of $75k. It reported 13 employees.