Lighthouse for the Blind of Houston

Analysis

Lighthouse for the Blind of Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 1956, 70 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lighthouse for the Blind of Houston reported income of $3.7m and spending of $5.2m, spending 142% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $22.9m to $3.7m (-84%), an average of -37% a year. The sharpest change came in the year to June 2020, when income dropped by 79%. Over the whole period it spent 70% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lighthouse for the Blind of Houston 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 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Ronald McDonald House Charities of North Central Florida Inc ($3.7m), Margaretville Nursing Home Inc ($3.7m) and D a R E America ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $496k (9.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $25.6m against liabilities of $594k, net assets of $25.0m. It reported 124 employees.