Blind Industries & Services of Maryland

Analysis

Blind Industries & Services of Maryland is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 1940, 86 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Blind Industries & Services of Maryland reported income of $9.1m and spending of $10.5m, spending 115% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income fell from $10.9m to $9.1m (-17%), an average of -3.6% a year. The sharpest change came in the year to June 2020, when income rose by 31%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Blind Industries & Services of Maryland sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Family Services of Tulare County ($9.1m), Operation Stand Down Tennessee ($9.1m) and Iam-3rivers Inc ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.7% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $1.1m (10% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $35.9m against liabilities of $25.1m, net assets of $10.9m. It reported 450 employees.