Paterson Eye and Ear Infirmary

Analysis

Paterson Eye and Ear Infirmary is a registered charity in United States, based in Fair Lawn, NJ. It received its IRS tax-exemption ruling in May 1976, 50 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Paterson Eye and Ear Infirmary reported income of $235k and spending of $367k, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $235k (+5.6%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 250%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paterson Eye and Ear Infirmary 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 57th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include Southern Arizona Symphony Orchestra Association ($235k), Ramsey Ambulance Corps Harold R Greene Memorial ($235k) and Scottish Rite Foundation of Wyoming ($235k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $17k (4.7% of expenses). Other salaries and wages came to $18k. At year end it held assets of $3.9m against liabilities of $2,806, net assets of $3.9m. It reported 3 employees.