Sankara Eye Foundation USA

Analysis

Sankara Eye Foundation USA is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in May 1998, 28 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 December 2023, Sankara Eye Foundation USA reported income of $10.5m and spending of $12.6m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.4m to $10.5m (+64%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sankara Eye Foundation USA sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Make-A-Wish Foundation of Michigan ($10.5m), Help Hospitalized Veterans ($10.5m) and East Central Mississippi Health Care Inc ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $207k (1.6% of expenses). Other salaries and wages came to $56k. At year end it held assets of $8.0m against liabilities of $624k, net assets of $7.4m. It reported 4 employees.