Research to Prevent Blindness Endowment Fund Inc

Analysis

Research to Prevent Blindness Endowment Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1988, 38 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Research to Prevent Blindness Endowment Fund Inc reported income of $14.6m and spending of $8.8m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.8m to $14.6m (+49%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 721%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Research to Prevent Blindness Endowment Fund Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include North Shore-Lij Pediatrics of Suffolk County PC ($14.6m), United Ability Inc ($14.6m) and Cedars Nursing Care Center Inc ($14.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% of the total. At year end it held assets of $273.7m against liabilities of $7.7m, net assets of $266.0m.