South Texas Lighthouse for the Blind

Analysis

South Texas Lighthouse for the Blind is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in November 1964, 62 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 December 2023, South Texas Lighthouse for the Blind reported income of $9.9m and spending of $7.4m, leaving 25% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.0m to $9.9m (+406%), an average of +38% a year. The sharpest change came in the year to December 2019, when income rose by 241%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, South Texas Lighthouse for the Blind sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Medical Society of Virginia Foundation ($9.9m), Glen Haven Home Inc ($9.9m) and Cheney Care Community ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% of the total. Compensation of current officers, directors and key employees was $1.2m (17% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $39.0m against liabilities of $10.7m, net assets of $28.3m. It reported 220 employees.