Eye & Ear Foundation Inc

Analysis

Eye & Ear Foundation Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in January 1985, 41 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, Eye & Ear Foundation Inc reported income of $6.0m and spending of $8.2m, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $6.0m (+88%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 384%. Over the whole period it spent 59% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Eye & Ear Foundation Inc 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 Votc Inc ($6.0m), Healthnet of Rock County Inc ($6.0m) and Big Sandy Medical Center Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 116% of the total. At year end it held assets of $55.9m against liabilities of $384k, net assets of $55.6m.