East Tennessee Lions Eye Bank

Analysis

East Tennessee Lions Eye Bank is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in December 1972, 54 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, East Tennessee Lions Eye Bank reported income of $2.2m and spending of $2.2m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.1m to $2.2m (+3.8%), an average of +0.9% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, East Tennessee Lions Eye Bank sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Exercisabilities Inc ($2.2m), The Village Project ($2.2m) and Mayfield Counseling Centers ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $178k (8.1% of expenses). Other salaries and wages came to $598k. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m. It reported 21 employees.