Foundation for Blind Children

Analysis

Foundation for Blind Children is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1968, 58 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 June 2024, Foundation for Blind Children reported income of $14.3m and spending of $15.0m, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.5m to $14.3m (+69%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Blind Children sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within AZ. Charities of a similar size with the same main cause include Clatsop Behavioral Healthcare ($14.3m), Central Counties Health Centers Inc ($14.3m) and Easter Seals Southwest Florida Inc ($14.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $839k (5.6% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $30.0m against liabilities of $1.5m, net assets of $28.5m. It reported 193 employees.