Lighthouse for the Visually Impaired and Blind Inc

Analysis

Lighthouse for the Visually Impaired and Blind Inc is a registered charity in United States, based in New PRT Rchy, FL. It received its IRS tax-exemption ruling in September 1983, 43 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 June 2023, Lighthouse for the Visually Impaired and Blind Inc reported income of $1.1m and spending of $1.3m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.1m (-5.2%), an average of -1.3% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse for the Visually Impaired and Blind Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Indian Nations Conservation Alliance ($1.1m), Go Campaign ($1.1m) and Mrs of Clinton County Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $98k (7.6% of expenses). Other salaries and wages came to $558k. At year end it held assets of $6.9m against liabilities of $1.2m, net assets of $5.7m. It reported 37 employees.