L C IND INC
4500 EMPEROR BLVD, DURHAM, NC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $408,056,988 | $382,867,270 | $221,664,610 |
| FY2024 | $359,199,757 | $342,681,093 | $196,474,892 |
| FY2023 | $295,716,440 | $288,811,370 | $179,956,228 |
| FY2022 | $48,935,731 | $61,584,931 | $172,911,083 |
| FY2021 | $66,526,381 | $64,278,258 | $185,560,283 |
| FY2020 | $68,096,867 | $64,027,940 | $183,312,160 |
| FY2019 | $70,414,612 | $65,488,663 | $179,243,233 |
| FY2018 | $67,625,356 | $57,781,246 | $174,317,284 |
| FY2017 | $58,551,102 | $58,767,785 | $164,473,174 |
| FY2016 | $61,461,708 | $59,652,095 | $169,613,003 |
| FY2015 | $68,905,403 | $72,383,799 | $167,803,390 |
| FY2014 | $56,372,012 | $56,721,843 | $171,317,241 |
| FY2013 | $56,925,019 | $62,366,751 | $171,667,072 |
| FY2012 | $67,482,575 | $53,911,870 | $177,108,804 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $112,248 | 0% |
| Program service revenue | $394,370,936 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $363,181,294 | 95% |
| Management & general | $19,685,976 | 5% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2025.
- Program services accounted for 95% of functional expenses, management & general 5%, and fundraising 0%.
- 95% of functional expenses went to program services in FY2025. That is higher than 95.9% of 74 Human Services organizations in NC.
- Net assets covered about 6.9 months of expenses at the end of the reporting year. That puts it in the 41st percentile among 1339 Human Services organizations in NC.
- Total revenue was higher than 100.1% of 1375 Human Services organizations in NC.
- Total revenue rose from $67,482,575 in FY2012 to $408,056,988 in FY2025, Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 5 of 14 reported years (FY2013, FY2014, FY2015, FY2017, FY2022).
- Net assets grew from $177,108,804 to $221,664,610 between FY2012 and FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO EMPLOY AND TEACH THE VISUALLY IMPAIRED.
IRS status
| Ruling year | 1960 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | P860 — Human Services |
| Donations | Donations are generally tax-deductible (public charity). |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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