Cornea Research Foundation of America Inc

Analysis

Cornea Research Foundation of America Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 1993, 33 years ago. 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, Cornea Research Foundation of America Inc reported income of $466k and spending of $552k, spending 119% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $440k to $466k (+5.9%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 180%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cornea Research Foundation of America Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IN. Charities of a similar size with the same main cause include Cancer Patient Services ($466k), South Carolina Future Farmers of America Foundation ($466k) and National Church Residences of ($466k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $102k (18% of expenses). Other salaries and wages came to $238k. At year end it held assets of $2.1m against liabilities of $17k, net assets of $2.1m. It reported 9 employees.