Florida Lions Eye Bank Inc

Analysis

Florida Lions Eye Bank Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 1970, 56 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 2023, Florida Lions Eye Bank Inc reported income of $4.4m and spending of $4.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $4.4m (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Florida Lions Eye Bank Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Miami Jewish Health Systems Foundation Inc ($4.4m), Nephronet Inc ($4.4m) and Marble Falls Area Emergency Medical Service ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $116k (2.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $21.4m against liabilities of $2.9m, net assets of $18.5m.