Preserve Vision Florida Inc

Analysis

Preserve Vision Florida Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in June 2016, 10 years ago. 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 March 2022, Preserve Vision Florida Inc reported income of $758k and spending of $758k, spending 100% of its income. Across the 4 years on record, from March 2019 to March 2022, income grew from $632k to $758k (+20%), an average of +6.3% a year. The sharpest change came in the year to March 2022, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Preserve Vision Florida Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Fair Housing Council of Suburban Philadelphia Inc ($758k), United Way of Venango County Inc ($758k) and Friends of the Library of Hawaii ($758k).

On its Form 990 for the period ending March 2022, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $90k (12% of expenses). Other salaries and wages came to $403k. At year end it held assets of $319k against liabilities of $222k, net assets of $97k. It reported 18 employees.