Himalayan Cataract Project Inc

Analysis

Himalayan Cataract Project Inc is a registered charity in United States, based in Norwich, VT. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Himalayan Cataract Project Inc reported income of $7.3m and spending of $14.1m, spending 194% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.3m to $7.3m (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2022, when income rose by 149%. Over the whole period it spent 74% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Himalayan Cataract Project Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VT. Charities of a similar size with the same main cause include Friends of Kings College London Association Inc ($7.3m), World Neighbors Inc ($7.3m) and Shelter for Life International Inc ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $1.2m (8.3% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $28.4m against liabilities of $2.2m, net assets of $26.3m. It reported 40 employees.