Foundation for Education & Research in Vision Inc

Analysis

Foundation for Education & Research in Vision Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1957, 69 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 August 2023, Foundation for Education & Research in Vision Inc reported income of $1.4m and spending of $1.6m, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.6m to $1.4m (-7.5%), an average of -1.9% a year. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Education & Research in Vision Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Mount Eaton Care Center Inc ($1.4m), York Ambulance Association Inc ($1.4m) and Bryon Riesch Paralysis Foundation Inc ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 26% and program service revenue 47% of the total. At year end it held assets of $10.1m against liabilities of $259k, net assets of $9.8m.