Lions Volunteer Blind Industries Inc

Analysis

Lions Volunteer Blind Industries Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in June 1956, 70 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 June 2023, Lions Volunteer Blind Industries Inc reported income of $1.5m and spending of $3.5m, spending 241% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.8m to $1.5m (-47%), an average of -15% a year. The sharpest change came in the year to June 2022, when income dropped by 59%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lions Volunteer Blind Industries Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Teen Challange North Carolina Adolescent Program ($1.5m), Seeking Independent Growth Now ($1.5m) and United Cerebral Palsy Assn of Hawaii ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $135k (3.8% of expenses). Other salaries and wages came to $366k. It paid $33k in professional fundraising fees. At year end it held assets of $17.1m against liabilities of $16.7m, net assets of $398k. It reported 90 employees.