Heritage for the Blind Inc

Analysis

Heritage for the Blind Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Heritage for the Blind Inc reported income of $404k and spending of $1.1m, spending 263% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.6m to $404k (-89%), an average of -42% a year. The sharpest change came in the year to December 2022, when income dropped by 73%. Over the whole period it spent 117% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heritage for the Blind Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Living Destiny Tabernacle ($404k), Citadel Church Inc ($404k) and Christ Liberty Ministry ($404k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $154k (14% of expenses). Other salaries and wages came to $50k. At year end it held assets of $253k against liabilities of $1.8m, net assets of -$1.6m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.