Houston Eye Associates Foundation

Analysis

Houston Eye Associates Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 1983, 43 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2022, Houston Eye Associates Foundation reported income of $701k and spending of $691k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $455k to $701k (+54%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 229%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Houston Eye Associates Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Grayling Cooperative Preschool Inc ($701k), The Federation of Analytical Chemistry & Spectroscopy Societies ($701k) and Advaita Society ($701k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $98k (14% of expenses). Other salaries and wages came to $153k. At year end it held assets of $2.9m against liabilities of $87k, net assets of $2.8m. It reported 4 employees.