Deaf Inc

Analysis

Deaf Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Deaf Inc reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.3m (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Deaf Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Hub Argentine Inc ($1.3m), Downtown Daily Bread ($1.3m) and TLC Centers for Therapy ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $64k (5.0% of expenses). Other salaries and wages came to $287k. At year end it held assets of $744k against liabilities of $230k, net assets of $513k. It reported 12 employees.