Lions Eye Bank of Delaware Valley

Analysis

Lions Eye Bank of Delaware Valley is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 1958, 68 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 June 2023, Lions Eye Bank of Delaware Valley reported income of $5.7m and spending of $4.8m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $5.7m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lions Eye Bank of Delaware Valley sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Orange Cross Ambulance Inc ($5.7m), Primary Care at Home Inc ($5.7m) and Talbert Services Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $349k (7.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $15.5m against liabilities of $501k, net assets of $15.0m. It reported 19 employees.