Virginia Lions Eyeglass Recycling Inc

Analysis

Virginia Lions Eyeglass Recycling Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover health care, 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, Virginia Lions Eyeglass Recycling Inc reported income of $50k and spending of $36k, leaving 27% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $34k to $50k (+48%), an average of +48% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Virginia Lions Eyeglass Recycling Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within VA. Charities of a similar size with the same main cause include A P P N A-Ohio ($50k), Golf Fore the Kids Inc ($50k) and Sigma Alpha Foundation Inc ($50k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $145k against liabilities of $0, net assets of $145k.