Lions Eye Bank of Nebraska Inc

Analysis

Lions Eye Bank of Nebraska Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in May 1984, 42 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Lions Eye Bank of Nebraska Inc reported income of $1.5m and spending of $1.5m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.5m (+8.4%), an average of +2.0% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lions Eye Bank of Nebraska Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NE. Charities of a similar size with the same main cause include Cuyahoga Land Bank Charities ($1.5m), Jari Growth Fund Inc ($1.5m) and Monterey Bay Economic Partnership Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 97% of the total. Other salaries and wages came to $595k. At year end it held assets of $1.3m against liabilities of $369k, net assets of $900k. It reported 3 employees.