Readers Digest Partners for Sight Foundation

Analysis

Readers Digest Partners for Sight Foundation is a registered charity in United States, based in Mount Kisco, NY. It received its IRS tax-exemption ruling in July 1956, 70 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Readers Digest Partners for Sight Foundation reported income of $703k and spending of $1.1m, spending 157% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $897k to $703k (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2021, when income rose by 174%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Readers Digest Partners for Sight Foundation 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 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Village Life Outreach Project Inc ($703k), Foundation of District 304 ($703k) and Pride Wilton Inc ($702k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.6% of the total. Other salaries and wages came to $129k. At year end it held assets of $13.7m against liabilities of $588k, net assets of $13.2m. It reported 2 employees.