Lions Eye Bank Foundation

Analysis

Lions Eye Bank Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 1988, 38 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 June 2022, Lions Eye Bank Foundation reported income of $218k and spending of $100k, leaving 54% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income fell from $363k to $218k (-40%), an average of -16% a year. The sharpest change came in the year to June 2021, when income rose by 91%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lions Eye Bank Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Perinatal Foundation Inc ($218k), Bay Aging Foundation ($218k) and Access Foundation of Kansas ($218k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 1.4% of the total. Other salaries and wages came to $37k. At year end it held assets of $3.7m against liabilities of $6,100, net assets of $3.7m.