Eye Bank Association of America Inc

Analysis

Eye Bank Association of America Inc is a registered charity in United States, based in Chantilly, VA. It received its IRS tax-exemption ruling in March 1967, 59 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 June 2023, Eye Bank Association of America Inc reported income of $3.3m and spending of $2.7m, spending 80% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.5m to $3.3m (+33%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eye Bank Association of America Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Association for the Sciences of Limnology and Oceanography Inc ($3.3m), The Richmond Forum Inc ($3.3m) and American Thyroid Association Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $430k (16% of expenses). Other salaries and wages came to $581k. At year end it held assets of $10.7m against liabilities of $1.3m, net assets of $9.4m. It reported 6 employees.