New England Eye Institute Inc

Analysis

New England Eye Institute Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New England Eye Institute Inc reported income of $7.8m and spending of $7.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.8m to $7.8m (-0.5%), an average of -0.1% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New England Eye Institute Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Center for Safety & Change Inc ($7.8m), Mid America Assistance Coalition Inc ($7.8m) and Pleasant View Inc ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $358k (4.6% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $2.9m against liabilities of $2.0m, net assets of $853k. It reported 134 employees.