Lions Industries for the Blind Inc

Analysis

Lions Industries for the Blind Inc is a registered charity in United States, based in Kinston, NC. It received its IRS tax-exemption ruling in July 1971, 55 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Lions Industries for the Blind Inc reported income of $1.0m and spending of $1.3m, spending 124% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $1.0m (-14%), an average of -4.9% a year. The sharpest change came in the year to June 2023, when income dropped by 43%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lions Industries for the Blind Inc 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 80th percentile within NC. Charities of a similar size with the same main cause include St Louis District Dairy Council ($1.0m), Oahu Economic Development Board ($1.0m) and 1700 Broad Street Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $97k (7.4% of expenses). Other salaries and wages came to $476k. At year end it held assets of $10.5m against liabilities of $301k, net assets of $10.2m. It reported 63 employees.