The Armenian Eyecare Project

Analysis

The Armenian Eyecare Project is a registered charity in United States, based in Glendora, CA. It received its IRS tax-exemption ruling in March 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Armenian Eyecare Project reported income of $1.9m and spending of $2.3m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.9m (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 110%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Armenian Eyecare Project sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Bridges Domestic & Sexual Violence Support Services Inc ($1.9m), Bridges of Hope ($1.9m) and St Lawrence Health System Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $124k. At year end it held assets of $3.2m against liabilities of $15k, net assets of $3.2m. It reported 2 employees.