Foundation for the Open Eye Inc

Analysis

Foundation for the Open Eye Inc is a registered charity in United States, based in Margaretville, NY. It received its IRS tax-exemption ruling in September 1973, 53 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Foundation for the Open Eye Inc reported income of $146k and spending of $121k, spending 83% of its income. Across the 3 years on record, from September 2021 to September 2023, income grew from $108k to $146k (+35%), an average of +16% a year. The sharpest change came in the year to September 2022, when income rose by 23%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for the Open Eye Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Branchburg Rotary Foundation ($146k), Vian Community Foundation ($146k) and Employee Community Foundation Optum Washington ($146k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 6.9% of the total. At year end it held assets of $100k against liabilities of $4,173, net assets of $96k.