Prevention of Blindness Society of Metropolitan Washington Inc

Analysis

Prevention of Blindness Society of Metropolitan Washington Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1947, 79 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 2023, Prevention of Blindness Society of Metropolitan Washington Inc reported income of $1.9m and spending of $1.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $908k to $1.9m (+104%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 684%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prevention of Blindness Society of Metropolitan Washington Inc 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 85th percentile, and in the 65th percentile within DC. Charities of a similar size with the same main cause include Bradens Hope for Childhood Cancer ($1.9m), Narconon Louisiana New Life Retreat ($1.9m) and Bay Area Cancer Connections ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $143k (7.5% of expenses). Other salaries and wages came to $816k. At year end it held assets of $26.7m against liabilities of $262k, net assets of $26.5m. It reported 44 employees.