The Cornea Society Inc

Analysis

The Cornea Society Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 1979, 47 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, The Cornea Society Inc reported income of $668k and spending of $582k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $993k to $668k (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2022, when income rose by 284%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Cornea Society Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include International Society of Psychiatric Genetics ($668k), Grafton Blueline Club Inc ($668k) and St Josephs Foundation of Savannah Inc ($668k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 80% of the total. At year end it held assets of $1.9m against liabilities of $479k, net assets of $1.4m.