Warby Parker Foundation

Analysis

Warby Parker Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Warby Parker Foundation reported income of $3.0m and spending of $1.3m, leaving 56% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $10.3m to $3.0m (-71%), an average of -46% a year. The sharpest change came in the year to December 2022, when income dropped by 73%. Over the whole period it spent 17% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Warby Parker Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Society of Biological Psychiatry ($3.0m), Dakota Family Services ($3.0m) and Senior Living Partners of Virginia LLC ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $14.9m against liabilities of $8,422, net assets of $14.9m.