Virginia Eye Foundation

Analysis

Virginia Eye Foundation is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in July 2005, 21 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Virginia Eye Foundation reported income of $498k and spending of $403k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $297k to $498k (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 17595%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Virginia Eye Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Golden Crescent Regional Advisory Council ($498k), Game Day Memories ($498k) and Lifestyle Medical Ministry ($498k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $235k against liabilities of $0, net assets of $235k.