Foundation for Vision Research

Analysis

Foundation for Vision Research is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover medical research, 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 October 2023, Foundation for Vision Research reported income of $652k and spending of $539k, spending 83% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $439k to $652k (+49%), an average of +10% a year. The sharpest change came in the year to October 2021, when income rose by 22%. Over the whole period it spent 68% 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 Vision Research sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include New Haven Hospice Care Inc ($652k), Jewish Caring Network Gevuras Yarden Inc ($652k) and Emerge a Mens Counseling Service on Domestic Violence Inc ($652k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $100k (18% of expenses). Other salaries and wages came to $252k. At year end it held assets of $1.1m against liabilities of $1,804, net assets of $1.1m. It reported 10 employees.