Mana-Sota Lighthouse for the Blind Inc

Analysis

Mana-Sota Lighthouse for the Blind Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in October 1986, 40 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 September 2023, Mana-Sota Lighthouse for the Blind Inc reported income of $1.7m and spending of $1.9m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $1.7m (+23%), an average of +5.3% a year. The sharpest change came in the year to September 2021, when income rose by 42%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mana-Sota Lighthouse for the Blind Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Cancer Network Inc ($1.7m), Wellness Plan Medical Centers Foundation ($1.7m) and Epilepsy Foundation of Greater Los Angeles ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $104k (5.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.9m against liabilities of $157k, net assets of $4.8m. It reported 35 employees.