The Arvo Foundation for Eye Research Inc

Analysis

The Arvo Foundation for Eye Research Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Arvo Foundation for Eye Research Inc reported income of $998k and spending of $1.1m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $998k (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 64% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Arvo Foundation for Eye Research Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Community Care Solutions ($998k), Society for Vascular Surgery Foundation ($998k) and Higher Ground Integrated Human Services Inc ($998k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Other salaries and wages came to $131k. At year end it held assets of $7.8m against liabilities of $883k, net assets of $6.9m.