Tarrant Eye Resources Inc

Analysis

Tarrant Eye Resources Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover medical research, 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 December 2023, Tarrant Eye Resources Inc reported income of $530k and spending of $535k, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $2.0m to $530k (-74%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 59%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tarrant Eye Resources Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Family Support Center ($530k), Nami of Southwest Ohio ($531k) and Jewish Union Foundation of New Jersey Inc ($530k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $71k (13% of expenses). Other salaries and wages came to $126k. At year end it held assets of $474k against liabilities of $40k, net assets of $434k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.