Center of Vision Enhancement

Analysis

Center of Vision Enhancement is a registered charity in United States, based in Merced, CA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Center of Vision Enhancement reported income of $338k and spending of $344k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $225k to $338k (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center of Vision Enhancement sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Sunnyside Daycare ($338k), Ipa Foundation ($338k) and Buen Pastor Ministries Inc ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $20k (5.9% of expenses). Other salaries and wages came to $163k. At year end it held assets of $41k against liabilities of $47k, net assets of -$5,691. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.