Dean McGee Eye Institute

Analysis

Dean McGee Eye Institute is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in May 1973, 53 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Dean McGee Eye Institute reported income of $65.8m and spending of $67.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $52.2m to $65.8m (+26%), an average of +5.9% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Dean McGee Eye Institute sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OK. Charities of a similar size with the same main cause include Tricore Inc ($65.7m), Nevada Health Centers Inc ($65.8m) and Texas Health Harris Methodist Hospital Stephenville ($65.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $842k (1.2% of expenses). Other salaries and wages came to $29.9m. At year end it held assets of $50.6m against liabilities of $12.1m, net assets of $38.6m. It reported 476 employees.