Lighthouse for the Blind of Palms Beaches Inc

Analysis

Lighthouse for the Blind of Palms Beaches Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in February 1949, 77 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lighthouse for the Blind of Palms Beaches Inc reported income of $2.0m and spending of $1.5m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.0m (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lighthouse for the Blind of Palms Beaches Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Campus and Community Childrens Center Inc ($2.0m), South Carolina United Methodist Camps and Retreat Ministries ($2.0m) and One Hundred Black Men ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 1.8% of the total. Other salaries and wages came to $870k. At year end it held assets of $5.0m against liabilities of $190k, net assets of $4.8m. It reported 25 employees.