Lighthouse for the Blind Inc

Analysis

Lighthouse for the Blind Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 1921, 105 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 September 2023, Lighthouse for the Blind Inc reported income of $81.9m and spending of $88.8m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $100.1m to $81.9m (-18%), an average of -4.9% a year. The sharpest change came in the year to September 2022, when income dropped by 26%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lighthouse for the Blind Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Educational Foundation Inc ($81.8m), Greater Philadelphia Health Action ($81.9m) and Turning Point USA Inc ($81.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.8m (2.1% of expenses). Other salaries and wages came to $23.4m. At year end it held assets of $69.9m against liabilities of $15.5m, net assets of $54.4m. It reported 524 employees.