Computers for the Blind

Analysis

Computers for the Blind is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in February 1989, 37 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 December 2023, Computers for the Blind reported income of $697k and spending of $658k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $397k to $697k (+75%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Computers for the Blind sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Mormonism Research Ministry ($697k), Notre Ecole ($698k) and Camp Ao-Wa-Kiya ($697k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $176k (27% of expenses). Other salaries and wages came to $137k. At year end it held assets of $953k against liabilities of $223k, net assets of $730k. It reported 7 employees.