Blind Center of Nevada Inc

Analysis

Blind Center of Nevada Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in September 1965, 61 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, Blind Center of Nevada Inc reported income of $16.1m and spending of $4.1m, leaving 75% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $4.6m to $16.1m (+248%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 187%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blind Center of Nevada Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NV. Charities of a similar size with the same main cause include Portsmouth Community Health Center Inc ($16.1m), Mount Sinai Hospital Insurance Trust No 1 ($16.1m) and Southeast Bronx Neighborhood Centers Inc ($16.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $272k (6.7% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $30.6m against liabilities of $95k, net assets of $30.5m. It reported 73 employees.