World Cataract Foundation

Analysis

World Cataract Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 1982, 44 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, World Cataract Foundation reported income of $343k and spending of $206k, leaving 40% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $144k to $343k (+139%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 359%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, World Cataract Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within TN. Charities of a similar size with the same main cause include Willsboro-Essex Ems Inc ($343k), Albemarle Pregnancy Resource Center ($343k) and Ellen Meadows Prosthetic Handfoundation ($343k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% of the total. Compensation of current officers, directors and key employees was $78k (38% of expenses). At year end it held assets of $1.4m against liabilities of $5,991, net assets of $1.4m. It reported 1 employees.