Wills Eye Alumni Society

Analysis

Wills Eye Alumni Society is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wills Eye Alumni Society reported income of $941k and spending of $727k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $536k to $941k (+75%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wills Eye Alumni Society sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Commonwealth Health Free Clinic Inc ($941k), Care Net Pregnancy Center of Central New York ($941k) and Matthew Project Inc ($941k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 35% of the total. At year end it held assets of $7.3m against liabilities of $0, net assets of $7.3m.