Wills Eye Ophthalmology Clinic Inc

Analysis

Wills Eye Ophthalmology Clinic Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wills Eye Ophthalmology Clinic Inc reported income of $31.4m and spending of $38.8m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.8m to $31.4m (+86%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 51%. 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, Wills Eye Ophthalmology Clinic Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Visiting Nurse Services of Iowa ($31.4m), Center for Community Resources Incorporated ($31.4m) and East Mountain Health Physicians Inc ($31.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $2.7m (6.9% of expenses). Other salaries and wages came to $19.0m. At year end it held assets of $6.7m against liabilities of $14.1m, net assets of -$7.3m. It reported 341 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.