Lions Eye Bank of NW Pa Inc

Analysis

Lions Eye Bank of NW Pa Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in July 1964, 62 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lions Eye Bank of NW Pa Inc reported income of $344k and spending of $377k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $457k to $344k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lions Eye Bank of NW Pa Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Reckoning International ($344k), Texarkana Historical Society and Museum ($344k) and River Phoenix Center for Peace Building Inc ($344k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $66k (17% of expenses). Other salaries and wages came to $49k. At year end it held assets of $358k against liabilities of $14k, net assets of $344k. It reported 4 employees.