Winston Salem Industries For The Blind Inc
EIN: 566001467 · Winston Salem, NC · NTEE: J33Z
| Metric | Value |
|---|---|
| Total Revenue | $135.8M |
| Total Expenses | $25.0M |
| Net Assets | $20.8M |
Is Winston Salem Industries For The Blind Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Winston Salem Industries For The Blind Inc
Winston Salem Industries For The Blind Inc (EIN: 566001467) is a nonprofit organization based in Winston Salem, NC, classified under NTEE code J33Z. The organization reported total revenue of $135.8M and total assets of $49.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Winston Salem Industries For The Blind Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Winston Salem Industries For The Blind Inc is a major nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.7M |
| Total Expenses | $25.0M |
| Surplus / Deficit | $-8,266,258 |
| Total Assets | $54.6M |
| Total Liabilities | $33.8M |
| Net Assets | $20.8M |
| Operating Margin | -49.4% |
| Debt-to-Asset Ratio | 62.0% |
| Months of Reserves | 26.2 months |
Financial Health Grade: C
In 2023, Winston Salem Industries For The Blind Inc reported a deficit of $8.3M with expenses exceeding revenue, holds 26.2 months of operating reserves (strong position), has a debt-to-asset ratio of 62.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Winston Salem Industries For The Blind Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.1% | -20.6% | -21.1% |
| 2022 | -69.3% | -10.2% | -28.4% |
| 2021 | -7.0% | -9.2% | +3.8% |
| 2020 | -27.5% | -23.5% | +21.4% |
| 2019 | +27.3% | -2.6% | +29.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1968 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Winston Salem Industries For The Blind Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Winston Salem Industries For The Blind Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 62.0%.
Frequently Asked Questions about Winston Salem Industries For The Blind Inc
Is Winston Salem Industries For The Blind Inc a legitimate charity?
Winston Salem Industries For The Blind Inc (EIN: 566001467) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $135.8M. No red flags identified. Financial health grade: C.
How does Winston Salem Industries For The Blind Inc spend its money?
Winston Salem Industries For The Blind Inc reported $135.8M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Winston Salem Industries For The Blind Inc tax-deductible?
Winston Salem Industries For The Blind Inc is registered as a tax-exempt nonprofit (EIN: 566001467). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Winston Salem Industries For The Blind Inc located?
Winston Salem Industries For The Blind Inc is headquartered in Winston Salem, North Carolina and files with the IRS under EIN 566001467. It is classified under NTEE code J33Z.
How many years of IRS 990 filings does Winston Salem Industries For The Blind Inc have?
Winston Salem Industries For The Blind 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 $135.8M in total revenue.
Filing History
IRS 990 filing history for Winston Salem Industries For The Blind Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Winston Salem Industries For The Blind Inc's revenue has declined by 55.2%, moving from $37.4M to $16.7M. Total assets increased by 14.6% over the same period, from $47.6M to $54.6M. Total functional expenses fell by 17.3%, from $30.2M to $25.0M. In its most recent filing year (2023), Winston Salem Industries For The Blind Inc reported a deficit of $8.3M, with expenses exceeding revenue. The organization holds $33.8M in liabilities against $54.6M in assets (debt-to-asset ratio: 62.0%), resulting in net assets of $20.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.7M | $25.0M | $54.6M | $33.8M | — | — |
| 2022 | $11.2M | $31.5M | $69.2M | $48.9M | — | View 990 |
| 2021 | $36.3M | $35.1M | $96.6M | $55.8M | — | View 990 |
| 2020 | $39.0M | $38.6M | $93.1M | $53.5M | — | View 990 |
| 2019 | $53.8M | $50.5M | $76.7M | $37.5M | — | View 990 |
| 2018 | $42.3M | $51.9M | $59.1M | $23.2M | — | View 990 |
| 2017 | $36.9M | $36.3M | $59.0M | $17.8M | — | View 990 |
| 2016 | $38.9M | $36.6M | $57.8M | $17.2M | — | View 990 |
| 2015 | $35.3M | $31.3M | $56.2M | $18.1M | — | View 990 |
| 2014 | $31.5M | $28.2M | $49.9M | $15.6M | — | View 990 |
| 2013 | $26.1M | $26.7M | $44.0M | $13.0M | — | View 990 |
| 2012 | $29.1M | $27.2M | $45.4M | $13.9M | — | View 990 |
| 2011 | $37.4M | $30.2M | $47.6M | $18.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.7M, expenses of $25.0M, and assets of $54.6M (revenue +50.1% year-over-year).
- 2022: Revenue of $11.2M, expenses of $31.5M, and assets of $69.2M (revenue -69.3% year-over-year).
- 2021: Revenue of $36.3M, expenses of $35.1M, and assets of $96.6M (revenue -7.0% year-over-year).
- 2020: Revenue of $39.0M, expenses of $38.6M, and assets of $93.1M (revenue -27.5% year-over-year).
- 2019: Revenue of $53.8M, expenses of $50.5M, and assets of $76.7M (revenue +27.3% year-over-year).
- 2018: Revenue of $42.3M, expenses of $51.9M, and assets of $59.1M (revenue +14.4% year-over-year).
- 2017: Revenue of $36.9M, expenses of $36.3M, and assets of $59.0M (revenue -5.1% year-over-year).
- 2016: Revenue of $38.9M, expenses of $36.6M, and assets of $57.8M (revenue +10.2% year-over-year).
- 2015: Revenue of $35.3M, expenses of $31.3M, and assets of $56.2M (revenue +12.1% year-over-year).
- 2014: Revenue of $31.5M, expenses of $28.2M, and assets of $49.9M (revenue +20.6% year-over-year).
- 2013: Revenue of $26.1M, expenses of $26.7M, and assets of $44.0M (revenue -10.4% year-over-year).
- 2012: Revenue of $29.1M, expenses of $27.2M, and assets of $45.4M (revenue -22.0% year-over-year).
- 2011: Revenue of $37.4M, expenses of $30.2M, and assets of $47.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Winston Salem Industries For The Blind Inc:
Data Sources and Methodology
This transparency report for Winston Salem Industries 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.