Foundation Fighting Blindness Inc

Analysis

Foundation Fighting Blindness Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in February 1973, 53 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 (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, Foundation Fighting Blindness Inc reported income of $30.4m and spending of $51.3m, spending 168% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $53.4m to $30.4m (-43%), an average of -13% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation Fighting Blindness 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 MD. Charities of a similar size with the same main cause include Baptist Health Hospitals ($30.4m), River Hills Community Health Center Inc ($30.4m) and Planned Parenthood of Greater Washington and North Idaho ($30.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $2.5m (4.8% of expenses). Other salaries and wages came to $4.9m. It paid $606k in professional fundraising fees. At year end it held assets of $130.9m against liabilities of $30.7m, net assets of $100.2m. It reported 67 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.