Florida Center for the Blind Inc

Analysis

Florida Center for the Blind Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in March 1990, 36 years ago. 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 2022, Florida Center for the Blind Inc reported income of $973k and spending of $680k, leaving 30% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $549k to $973k (+77%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Center for the Blind Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include American Water Works Association Inc ($973k), Disability Voices United ($973k) and Island Synagogue ($973k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $99k (15% of expenses). Other salaries and wages came to $246k. At year end it held assets of $6.6m against liabilities of $30k, net assets of $6.5m. It reported 15 employees.