Miami Lighthouse for the Blind and Visually Impaired Inc

Analysis

Miami Lighthouse for the Blind and Visually Impaired Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 1949, 77 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 December 2023, Miami Lighthouse for the Blind and Visually Impaired Inc reported income of $16.7m and spending of $11.8m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.1m to $16.7m (+3.7%), an average of +0.9% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Miami Lighthouse for the Blind and Visually Impaired Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Food Bank of Northeast Arkansas ($16.7m), Central State Community Services Inc ($16.7m) and Give Foundation Inc ($16.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $547k (4.6% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $63.6m against liabilities of $3.2m, net assets of $60.3m. It reported 152 employees.