West Texas Lighthouse for the Blind

Analysis

West Texas Lighthouse for the Blind is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in February 1966, 60 years ago. 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, West Texas Lighthouse for the Blind reported income of $6.7m and spending of $4.1m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $6.7m (+250%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 142%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Texas Lighthouse for the Blind sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Christian County Mental Health Association ($6.7m), Eliza Jennings Senior Care Network ($6.7m) and Food Allergy Science Initiative Inc ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% of the total. Compensation of current officers, directors and key employees was $157k (3.8% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $12.5m against liabilities of $899k, net assets of $11.6m. It reported 80 employees.