The Seeing Eye Inc
The Seeing Eye: Strong Mission, High Reserves, and Consistent Program Spending
EIN: 221539721 · Morristown, NJ · NTEE: P860 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $118.8M |
| Total Expenses | $30.6M |
| Program Spending | 88% |
| Net Assets | $363.3M |
| Transparency Score | 92/100 |
Is The Seeing Eye Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Seeing Eye Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Seeing Eye Inc
The Seeing Eye Inc (EIN: 221539721) is a nonprofit organization based in Morristown, NJ, classified under NTEE code P860. The organization reported total revenue of $118.8M and total assets of $491.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Seeing Eye Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Seeing Eye Inc is a major nonprofit that has been operating for 91 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31.8M |
| Total Expenses | $30.6M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $407.4M |
| Total Liabilities | $44.1M |
| Net Assets | $363.3M |
| Operating Margin | 3.9% |
| Debt-to-Asset Ratio | 10.8% |
| Months of Reserves | 159.9 months |
Financial Health Grade: A
In 2023, The Seeing Eye Inc reported a surplus of $1.2M with revenue exceeding expenses, holds 159.9 months of operating reserves (strong position), has a debt-to-asset ratio of 10.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Seeing Eye Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.4% | +5.9% | +5.8% |
| 2022 | -26.5% | +3.4% | -8.8% |
| 2021 | +108.7% | +2.7% | +17.3% |
| 2020 | -22.4% | +0.3% | +0.1% |
| 2019 | -20.9% | +1.0% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1935 |
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 The Seeing Eye 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: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, The Seeing Eye Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.8%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as the 'c' field consistently shows 0% compensation from unrelated organizations, suggesting direct compensation details would require deeper analysis of their Form 990, Schedule J.
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.
Strengths
The following positive indicators were identified for The Seeing Eye Inc:
- Consistently high program spending, averaging 88% of total expenses over the last five years, demonstrates a strong commitment to their mission.
- Significant asset base of $491,026,829 provides long-term financial stability and capacity for future operations.
- Healthy revenue streams, with total revenue of $118,784,381 in the most recent filing, support their operational needs.
- Low fundraising expenses, consistently around 5% of total expenses, indicate efficient donor acquisition and retention.
- The organization maintains a substantial reserve, with assets significantly exceeding liabilities, ensuring resilience against financial fluctuations.
Frequently Asked Questions about The Seeing Eye Inc
Is The Seeing Eye Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Seeing Eye Inc (EIN: 221539721) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does The Seeing Eye Inc spend its money?
The Seeing Eye Inc directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Seeing Eye Inc tax-deductible?
The Seeing Eye Inc is registered as a tax-exempt nonprofit (EIN: 221539721). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Seeing Eye Inc's spending goes to programs?
The Seeing Eye Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Seeing Eye Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Seeing Eye Inc is above average for NTEE category P860 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Seeing Eye Inc located?
The Seeing Eye Inc is headquartered in Morristown, New Jersey and files with the IRS under EIN 221539721. It is classified under NTEE code P860.
How many years of IRS 990 filings does The Seeing Eye Inc have?
The Seeing Eye Inc has 13 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 $118.8M in total revenue.
What does The Seeing Eye Inc do?
The Seeing Eye Inc is a nonprofit organization in the Human Services sector, located in Morristown, New Jersey. It is classified under NTEE code P860.
How much revenue does The Seeing Eye Inc have?
The Seeing Eye Inc reported total revenue of $118,784,381. Based on 13 IRS 990 filings on record.
What are The Seeing Eye Inc's total assets?
The Seeing Eye Inc holds total assets of $491,026,829 as reported in IRS 990 filings.
Where is The Seeing Eye Inc located?
The Seeing Eye Inc is based in Morristown, New Jersey.
What is The Seeing Eye Inc's EIN?
The Seeing Eye Inc's Employer Identification Number (EIN) is 221539721. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Seeing Eye Inc?
The Seeing Eye Inc is classified under NTEE code P860 (Human Services).
Is The Seeing Eye Inc a registered 501(c)(3)?
Yes, The Seeing Eye Inc is recognized as a tax-exempt organization by the IRS. EIN: 221539721.
Does The Seeing Eye Inc file IRS Form 990?
Yes, The Seeing Eye Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was The Seeing Eye Inc's revenue in 2023?
In the 202309 filing period, The Seeing Eye Inc reported total revenue of $31,816,699, total expenses of $30,584,938, and net assets of $407,430,153.
Is The Seeing Eye Inc's revenue growing or declining?
The Seeing Eye Inc's revenue is declining. Revenue went from $33,620,552 (202209) to $31,816,699 (202309), a -5.4% change. Based on 13 filings on record.
What is The Seeing Eye Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Seeing Eye Inc covers tax period 202309. It shows revenue of $31,816,699, expenses of $30,584,938, total assets of $407,430,153, and liabilities of $44,123,927.
How much does The Seeing Eye Inc spend on programs vs administration?
Based on IRS 990 analysis, The Seeing Eye Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is The Seeing Eye Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Seeing Eye Inc appears trustworthy. Mission Score: 92/100 (Excellent). No red flags identified. 5 strengths noted.
What are The Seeing Eye Inc's strengths?
Positive indicators for The Seeing Eye Inc include: Consistently high program spending, averaging 88% of total expenses over the last five years, demonstrates a strong commitment to their mission.. Significant asset base of $491,026,829 provides long-term financial stability and capacity for future operations.. Healthy revenue streams, with total revenue of $118,784,381 in the most recent filing, support their operational needs.. Low fundraising expenses, consistently around 5% of total expenses, indicate efficient donor acquisition and retention.. The organization maintains a substantial reserve, with assets significantly exceeding liabilities, ensuring resilience against financial fluctuations.. These findings are derived from AI analysis of the organization's financial filings.
How does The Seeing Eye Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, as the 'c' field consistently shows 0% compensation from unrelated organizations, suggesting direct compensation details would require deeper analysis of their Form 990, Schedule J. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial asset base and consistent revenue, what is the organization's strategy for leveraging its financial strength to expand its impact or reach?
While the data shows strong financial health, the filings do not explicitly detail strategies for leveraging the $491M in assets or $118M in revenue for expansion. This would require reviewing strategic plans or annual reports beyond the financial filings.
How does The Seeing Eye Inc. manage its significant liabilities, which were $44,123,927 in 2023, in relation to its overall financial strategy?
The liabilities, while substantial at $44,123,927 in 2023, are well-covered by the organization's $491,026,829 in assets. The consistent level of liabilities over several years suggests they are managed as part of ongoing operations, likely related to long-term commitments or operational payables, rather than indicating financial distress.
Filing History
IRS 990 filing history for The Seeing Eye Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Seeing Eye Inc's revenue has grown by 22.6%, moving from $26.0M to $31.8M. Total assets increased by 66.7% over the same period, from $244.5M to $407.4M. Total functional expenses rose by 20.5%, from $25.4M to $30.6M. In its most recent filing year (2023), The Seeing Eye Inc reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $44.1M in liabilities against $407.4M in assets (debt-to-asset ratio: 10.8%), resulting in net assets of $363.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31.8M | $30.6M | $407.4M | $44.1M | — | View 990 |
| 2022 | $33.6M | $28.9M | $385.2M | $48.9M | — | View 990 |
| 2021 | $45.8M | $27.9M | $422.4M | $57.1M | — | View 990 |
| 2020 | $21.9M | $27.2M | $360.0M | $66.5M | — | View 990 |
| 2019 | $28.3M | $27.1M | $359.5M | $65.1M | — | View 990 |
| 2018 | $35.7M | $26.9M | $359.8M | $58.3M | — | View 990 |
| 2017 | $33.8M | $27.2M | $338.3M | $63.7M | — | View 990 |
| 2016 | $37.3M | $27.4M | $316.3M | $68.1M | — | View 990 |
| 2015 | $26.9M | $25.4M | $302.6M | $62.3M | — | View 990 |
| 2014 | $27.3M | $25.6M | $317.3M | $64.0M | — | View 990 |
| 2013 | $27.1M | $24.8M | $307.6M | $61.5M | — | View 990 |
| 2012 | $25.1M | $25.9M | $286.3M | $58.8M | — | View 990 |
| 2011 | $26.0M | $25.4M | $244.5M | $34.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31.8M, expenses of $30.6M, and assets of $407.4M (revenue -5.4% year-over-year).
- 2022: Revenue of $33.6M, expenses of $28.9M, and assets of $385.2M (revenue -26.5% year-over-year).
- 2021: Revenue of $45.8M, expenses of $27.9M, and assets of $422.4M (revenue +108.7% year-over-year).
- 2020: Revenue of $21.9M, expenses of $27.2M, and assets of $360.0M (revenue -22.4% year-over-year).
- 2019: Revenue of $28.3M, expenses of $27.1M, and assets of $359.5M (revenue -20.9% year-over-year).
- 2018: Revenue of $35.7M, expenses of $26.9M, and assets of $359.8M (revenue +5.6% year-over-year).
- 2017: Revenue of $33.8M, expenses of $27.2M, and assets of $338.3M (revenue -9.4% year-over-year).
- 2016: Revenue of $37.3M, expenses of $27.4M, and assets of $316.3M (revenue +38.9% year-over-year).
- 2015: Revenue of $26.9M, expenses of $25.4M, and assets of $302.6M (revenue -1.5% year-over-year).
- 2014: Revenue of $27.3M, expenses of $25.6M, and assets of $317.3M (revenue +0.6% year-over-year).
- 2013: Revenue of $27.1M, expenses of $24.8M, and assets of $307.6M (revenue +8.1% year-over-year).
- 2012: Revenue of $25.1M, expenses of $25.9M, and assets of $286.3M (revenue -3.4% year-over-year).
- 2011: Revenue of $26.0M, expenses of $25.4M, and assets of $244.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Seeing Eye Inc:
Data Sources and Methodology
This transparency report for The Seeing Eye 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.