Foundation Fighting Blindness Retinal Degeneration Fund

Analysis

Foundation Fighting Blindness Retinal Degeneration Fund is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Foundation Fighting Blindness Retinal Degeneration Fund reported income of $8.8m and spending of $1.3m, leaving 85% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.1m to $8.8m (+184%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 288%. Over the whole period it spent 16% 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 Retinal Degeneration Fund sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Easter Seals Dupage and the Fox Valley Region ($8.7m), Kansas State University Research Foundation ($8.8m) and St Lukes Hospital ($8.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $641k (49% of expenses). Other salaries and wages came to $291k. At year end it held assets of $52.5m against liabilities of $85k, net assets of $52.4m. It reported 10 employees.