Richmond Eye & Ear Healthcare Alliance

Analysis

Richmond Eye & Ear Healthcare Alliance is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2022, Richmond Eye & Ear Healthcare Alliance reported income of $17.1m and spending of $4.4m, leaving 74% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $14.3m to $17.1m (+19%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 70% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Richmond Eye & Ear Healthcare Alliance sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include The Lakes Region Mental Health Center Inc ($17.1m), Boston Va Research Institute Inc ($17.1m) and Bethany Home Inc ($17.1m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 20% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $44.4m against liabilities of $8.7m, net assets of $35.7m. It reported 194 employees.