Lavelle Fund For The Blind Inc
Lavelle Fund For The Blind consistently directs over 90% of expenses to programs, maintaining strong assets despite volatile revenue.
EIN: 131740463 · New York, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $48.7M |
| Total Expenses | $7.0M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $143.7M |
| Transparency Score | 92/100 |
Is Lavelle Fund For The Blind Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lavelle Fund For The Blind Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lavelle Fund For The Blind Inc
Lavelle Fund For The Blind Inc (EIN: 131740463) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $48.7M and total assets of $153.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lavelle Fund For The Blind Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lavelle Fund For The Blind Inc is a large nonprofit that has been operating for 85 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.8M |
| Total Expenses | $7.0M |
| Surplus / Deficit | $-1,189,059 |
| Total Assets | $143.7M |
| Total Liabilities | $1 |
| Net Assets | $143.7M |
| Operating Margin | -20.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 245.2 months |
Financial Health Grade: B
In 2023, Lavelle Fund For The Blind Inc reported a deficit of $1.2M with expenses exceeding revenue, holds 245.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Lavelle Fund For The Blind Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +528.3% | -10.3% | +11.5% |
| 2022 | -98.3% | -1.9% | -21.1% |
| 2021 | +935.5% | +23.1% | +12.3% |
| 2020 | -36.0% | -4.7% | +9.6% |
| 2019 | -36.3% | -30.5% | +21.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1941 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lavelle Fund For The Blind Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 4%
- programs: 95%
- fundraising: 1%
According to IRS 990 filings, Lavelle Fund For The Blind Inc allocates its expenses as follows: admin: 4%, programs: 95%, fundraising: 1%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is exceptional for an organization with assets exceeding $100 million and annual expenses in the multi-millions, indicating a strong commitment to directing funds towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lavelle Fund For The Blind Inc's IRS 990 filings:
- Significant year-over-year revenue volatility, which could indicate reliance on unpredictable investment returns or large, infrequent donations.
Strengths
The following positive indicators were identified for Lavelle Fund For The Blind Inc:
- Consistently high program spending ratio (e.g., 95% in 202312).
- Zero reported officer compensation across all filings, demonstrating exceptional transparency and mission focus.
- Strong and growing asset base, providing financial stability and long-term capacity.
- Consistent expense management despite revenue fluctuations.
Frequently Asked Questions about Lavelle Fund For The Blind Inc
Is Lavelle Fund For The Blind Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lavelle Fund For The Blind Inc (EIN: 131740463) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Lavelle Fund For The Blind Inc spend its money?
Lavelle Fund For The Blind Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lavelle Fund For The Blind Inc tax-deductible?
Lavelle Fund For The Blind Inc is registered as a tax-exempt nonprofit (EIN: 131740463). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lavelle Fund For The Blind Inc CEO make?
Lavelle Fund For The Blind Inc's highest-compensated officer earns $100 annually. The organization reported $48.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lavelle Fund For The Blind Inc's spending goes to programs?
Lavelle Fund For The Blind Inc directs 95% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lavelle Fund For The Blind Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lavelle Fund For The Blind Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lavelle Fund For The Blind Inc located?
Lavelle Fund For The Blind Inc is headquartered in New York, New York and files with the IRS under EIN 131740463. It is classified under NTEE code T22.
How many years of IRS 990 filings does Lavelle Fund For The Blind Inc have?
Lavelle Fund For The Blind Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $48.7M in total revenue.
Is Lavelle Fund For The Blind Inc a good charity?
Based on its financial data, Lavelle Fund For The Blind Inc appears to be a very good charity. It consistently allocates a high percentage of its expenses (e.g., 95% in 202312) to program services and reports 0% officer compensation, indicating strong financial efficiency and transparency.
How does the organization manage its expenses given its volatile revenue?
Despite significant fluctuations in annual revenue (e.g., $929,745 in 202212 vs. $53,286,253 in 202112), the organization's expenses have remained relatively stable, typically between $6 million and $8 million. This suggests a conservative approach to spending, likely drawing from its substantial asset base to maintain consistent program delivery.
What is the trend in the organization's assets?
The organization's assets have shown a strong growth trend over the past decade, increasing from $90,662,660 in 201112 to $143,652,074 in 202312, with a peak of $163,250,000 in 202112. This indicates robust financial health and capacity.
Filing History
IRS 990 filing history for Lavelle Fund For The Blind Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lavelle Fund For The Blind Inc's revenue has declined by 31.6%, moving from $8.5M to $5.8M. Total assets increased by 58.4% over the same period, from $90.7M to $143.7M. Total functional expenses rose by 16%, from $6.1M to $7.0M. In its most recent filing year (2023), Lavelle Fund For The Blind Inc reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $143.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $143.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.8M | $7.0M | $143.7M | $1 | — | — |
| 2022 | $930K | $7.8M | $128.8M | $1 | — | View 990 |
| 2021 | $53.3M | $8.0M | $163.3M | $1 | — | — |
| 2020 | $5.1M | $6.5M | $145.4M | $1 | — | View 990 |
| 2019 | $8.0M | $6.8M | $132.6M | $0 | — | View 990 |
| 2015 | $12.6M | $9.8M | $109.5M | $0 | — | View 990 |
| 2014 | $16.1M | $5.9M | $127.4M | $0 | — | View 990 |
| 2013 | $8.8M | $5.8M | $122.1M | $0 | — | View 990 |
| 2012 | $5.8M | $6.2M | $97.9M | $4K | — | View 990 |
| 2011 | $8.5M | $6.1M | $90.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.8M, expenses of $7.0M, and assets of $143.7M (revenue +528.3% year-over-year).
- 2022: Revenue of $930K, expenses of $7.8M, and assets of $128.8M (revenue -98.3% year-over-year).
- 2021: Revenue of $53.3M, expenses of $8.0M, and assets of $163.3M (revenue +935.5% year-over-year).
- 2020: Revenue of $5.1M, expenses of $6.5M, and assets of $145.4M (revenue -36.0% year-over-year).
- 2019: Revenue of $8.0M, expenses of $6.8M, and assets of $132.6M (revenue -36.3% year-over-year).
- 2015: Revenue of $12.6M, expenses of $9.8M, and assets of $109.5M (revenue -21.8% year-over-year).
- 2014: Revenue of $16.1M, expenses of $5.9M, and assets of $127.4M (revenue +83.4% year-over-year).
- 2013: Revenue of $8.8M, expenses of $5.8M, and assets of $122.1M (revenue +50.7% year-over-year).
- 2012: Revenue of $5.8M, expenses of $6.2M, and assets of $97.9M (revenue -31.6% year-over-year).
- 2011: Revenue of $8.5M, expenses of $6.1M, and assets of $90.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lavelle Fund For The Blind Inc:
Data Sources and Methodology
This transparency report for Lavelle Fund For The Blind Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.