Knights Templar Eye Foundation Inc

Analysis

Knights Templar Eye Foundation Inc is a registered charity in United States, based in Flower Mound, TX. It received its IRS tax-exemption ruling in May 1957, 69 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 June 2024, Knights Templar Eye Foundation Inc reported income of $20.4m and spending of $8.4m, leaving 59% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.9m to $20.4m (+194%), an average of +31% a year. The sharpest change came in the year to June 2024, when income rose by 8358%. Over the whole period it spent 44% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Knights Templar Eye Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Northern Pines Mental Health Center Inc ($20.4m), Freeman Regional Health Services ($20.4m) and Valley Childrens Healthcare ($20.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $105k (1.2% of expenses). Other salaries and wages came to $234k. At year end it held assets of $185.6m against liabilities of $0, net assets of $185.6m. It reported 9 employees.