East Texas Lighthouse for the Blind Inc

Analysis

East Texas Lighthouse for the Blind Inc is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in December 1976, 50 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 September 2023, East Texas Lighthouse for the Blind Inc reported income of $8.0m and spending of $7.4m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $8.5m to $8.0m (-5.9%), an average of -1.5% a year. The sharpest change came in the year to September 2022, when income rose by 33%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Texas Lighthouse for the Blind Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Domus Kids Inc ($8.0m), Sierra Child and Family Services Inc ($8.0m) and University Gynecologists & Obstetricians Inc ($8.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $1.4m (19% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $48.7m against liabilities of $2.2m, net assets of $46.5m. It reported 79 employees.