Dallas Lighthouse for the Blind Inc

Analysis

Dallas Lighthouse for the Blind Inc is a registered charity in United States, based in Farmers BRNCH, TX. It received its IRS tax-exemption ruling in November 1944, 82 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, Dallas Lighthouse for the Blind Inc reported income of $13.0m and spending of $14.7m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.2m to $13.0m (+7.2%), an average of +1.7% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dallas Lighthouse for the Blind Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Community Action Agency of Siouxland ($13.0m), Crosswalk Community Action Agency Inc ($13.0m) and Beyond Vision Inc ($13.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $372k (2.5% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $36.8m against liabilities of $43.1m, net assets of -$6.3m. It reported 208 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.