City of Philadelphia Ttee Administering Wills Eye Institute

Analysis

City of Philadelphia Ttee Administering Wills Eye Institute is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1977, 49 years ago. Its declared purposes cover health care, 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, City of Philadelphia Ttee Administering Wills Eye Institute reported income of $48.4m and spending of $54.0m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $37.5m to $48.4m (+29%), an average of +6.6% a year. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, City of Philadelphia Ttee Administering Wills Eye Institute sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Moses H Cone Memorial Hospital ($48.4m), El Campo Memorial Hospital ($48.5m) and University at Buffalo Neurosurgery Inc ($48.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $3.2m (5.9% of expenses). Other salaries and wages came to $13.6m. At year end it held assets of $122.1m against liabilities of $59.4m, net assets of $62.7m. It reported 229 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.