Business Opportunities for the Blind Inc

Analysis

Business Opportunities for the Blind Inc is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Business Opportunities for the Blind Inc reported income of $3.2m and spending of $2.9m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.1m to $3.2m (-23%), an average of -6.5% a year. The sharpest change came in the year to September 2020, when income dropped by 30%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Business Opportunities for the Blind Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include The Arkansas Center for Independence Inc ($3.2m), Valley Shore YMCA ($3.2m) and St Joseph Social Service Center ($3.2m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $223k (7.7% of expenses). Other salaries and wages came to $465k. At year end it held assets of $4.8m against liabilities of $321k, net assets of $4.4m. It reported 13 employees.