TLC Foundation for the Blind

Analysis

TLC Foundation for the Blind is a registered charity in United States, based in Reseda, CA. It received its IRS tax-exemption ruling in August 1989, 37 years ago. 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 2023, TLC Foundation for the Blind reported income of $282k and spending of $48k, leaving 83% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $300k to $282k (-6.1%), an average of -1.6% a year. The sharpest change came in the year to June 2022, when income dropped by 34%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, TLC Foundation for the Blind sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Oglethorpe Echo Legacy Incorporated ($282k), New England Amateur Skating Foundation Inc ($282k) and Kenosha County Historical Society Inc ($282k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. It paid $41k in professional fundraising fees. At year end it held assets of $914k against liabilities of $94k, net assets of $820k.