Virginia Lions Eye Institute Foundation

Analysis

Virginia Lions Eye Institute Foundation is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in January 1980, 46 years ago. 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, Virginia Lions Eye Institute Foundation reported income of $90k and spending of $123k, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $103k to $90k (-13%), an average of -3.5% a year. The sharpest change came in the year to June 2021, when income rose by 103%. Over the whole period it spent 170% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Lions Eye Institute Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within VA. Charities of a similar size with the same main cause include Bitter Jester Foundation for the Arts NFP ($90k), Mark829 Inc ($90k) and Ilq Inc Marshall Smi Housing ($90k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.