Washington National Eye Center Inc

Analysis

Washington National Eye Center Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1984, 42 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Washington National Eye Center Inc reported income of $1.6m and spending of $1.6m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.3m to $1.6m (+26%), an average of +4.8% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington National Eye Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 63rd percentile within DC. Charities of a similar size with the same main cause include Arizona Association of Family Day Care Providers ($1.6m), Broward County Film Society Inc ($1.6m) and Buffalo and Erie County Historical Society ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $140k (8.9% of expenses). Other salaries and wages came to $263k. At year end it held assets of $1.2m against liabilities of $8,774, net assets of $1.2m. It reported 8 employees.