Georgia Eye Bank Inc

Analysis

Georgia Eye Bank Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in February 1980, 46 years ago. 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 December 2023, Georgia Eye Bank Inc reported income of $9.5m and spending of $7.1m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.8m to $9.5m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Georgia Eye Bank Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Casa Loma College ($9.5m), Bleuler Psychotherapy Center Inc ($9.5m) and Nebraska Masonic Home ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $410k (5.8% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $21.1m against liabilities of $3.5m, net assets of $17.5m. It reported 45 employees.