Lighthouse for the Blind and Visually Impaired

Analysis

Lighthouse for the Blind and Visually Impaired is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 1959, 67 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 September 2023, Lighthouse for the Blind and Visually Impaired reported income of $22.1m and spending of $23.8m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $18.2m to $22.1m (+22%), an average of +5.0% a year. The sharpest change came in the year to September 2021, when income rose by 94%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse for the Blind and Visually Impaired 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 CA. Charities of a similar size with the same main cause include Robison Jewish Home ($22.1m), Holladay Park Plaza Inc ($22.1m) and New Horizons Inc ($22.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 20% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $1.5m (6.3% of expenses). Other salaries and wages came to $8.6m. It paid $47k in professional fundraising fees. At year end it held assets of $215.3m against liabilities of $60.9m, net assets of $154.4m. It reported 182 employees.