Therapeutic Living Centers for the Blind Inc

Analysis

Therapeutic Living Centers for the Blind Inc is a registered charity in United States, based in Reseda, CA. It received its IRS tax-exemption ruling in July 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Therapeutic Living Centers for the Blind Inc reported income of $17.4m and spending of $14.0m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.6m to $17.4m (+80%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Therapeutic Living Centers for the Blind 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 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Foote School Association Inc ($17.3m), Port of Los Angeles High School ($17.4m) and Voice Charter School of New York ($17.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $249k (1.8% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $14.5m against liabilities of $3.9m, net assets of $10.7m. It reported 316 employees.