Tampa Lighthouse for the Blind Inc

Analysis

Tampa Lighthouse for the Blind Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in December 1956, 70 years ago. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tampa Lighthouse for the Blind Inc reported income of $2.8m and spending of $3.2m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $2.8m (-7.8%), an average of -2.0% a year. 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, Tampa Lighthouse for the Blind Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Womens Community Inc of Wausau ($2.8m), Samuel Curtis Johnson Graduate SCHL MGMT of Cornell Univ Endowment TR ($2.8m) and Lubbock Childrens Health Clinic ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $217k (6.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $6.2m against liabilities of $259k, net assets of $5.9m. It reported 61 employees.