Indiana Lions Eye Bank Inc

Analysis

Indiana Lions Eye Bank Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in March 2002, 24 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, Indiana Lions Eye Bank Inc reported income of $6.5m and spending of $5.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.9m to $6.5m (-6.2%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indiana Lions Eye Bank Inc 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 93rd percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Cape Inc Community Association for Pre-School Education ($6.5m), Southern Tier AIDS Program Inc ($6.5m) and Burbank Housing Management Corporation ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $672k (12% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $17.0m against liabilities of $512k, net assets of $16.5m. It reported 42 employees.