Wills Eye Foundation Inc

Analysis

Wills Eye Foundation Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wills Eye Foundation Inc reported income of $3.6m and spending of $1.5m, leaving 58% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.4m to $3.6m (-20%), an average of -5.3% a year. The sharpest change came in the year to June 2023, when income rose by 136%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wills Eye Foundation Inc 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 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Ohm ($3.6m), Summit Academy-Youngstown ($3.6m) and Yeshiva Ohavei Torah Riverdale Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $746k. At year end it held assets of $10.8m against liabilities of $1.2m, net assets of $9.6m. It reported 9 employees.