Connecticut Lions Eye Research Foundation Inc

Analysis

Connecticut Lions Eye Research Foundation Inc is a registered charity in United States, based in Watertown, CT. It received its IRS tax-exemption ruling in August 1957, 69 years ago. 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 2024, Connecticut Lions Eye Research Foundation Inc reported income of $307k and spending of $203k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $174k to $307k (+76%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connecticut Lions Eye Research Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include Shelter Services Inc ($307k), Hope Harbor ($307k) and Little League Baseball Inc ($307k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 31% and program service revenue 2.8% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.