Center for the Visually Impaired Inc

Analysis

Center for the Visually Impaired Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1973, 53 years ago. 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, Center for the Visually Impaired Inc reported income of $2.6m and spending of $2.8m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.3m to $2.6m (-23%), an average of -6.3% a year. The sharpest change came in the year to June 2020, when income dropped by 21%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for the Visually Impaired 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 88th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include New Economy Coalition Inc ($2.6m), Partners in Prevention Inc ($2.6m) and Church Community Services Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $278k (9.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.1m against liabilities of $132k, net assets of $4.9m. It reported 28 employees.