Iris Lending Library for the Blind Inc

Analysis

Iris Lending Library for the Blind Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Iris Lending Library for the Blind Inc reported income of $137k and spending of $53k, leaving 61% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $137k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 43% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iris Lending Library for the Blind Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include Waupaca Area Chamber Foundation Inc ($137k), Ruth Graham Ministries ($137k) and Leti Resource Center NFP ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $491k against liabilities of $82k, net assets of $409k.