Restoringvision

Analysis

Restoringvision is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 December 2023, Restoringvision reported income of $6.6m and spending of $5.4m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $6.6m (+140%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Restoringvision sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Kids First Health Care ($6.6m), Inseparable Inc ($6.6m) and American Congress of Rehabilitation Medicine ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $388k (7.2% of expenses). Other salaries and wages came to $1.1m. It paid $51k in professional fundraising fees. At year end it held assets of $5.8m against liabilities of $1.6m, net assets of $4.2m. It reported 37 employees.