Charity of the Eye Care Network

Analysis

Charity of the Eye Care Network is a registered charity in United States, based in Aliso Viejo, CA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 2023, Charity of the Eye Care Network reported income of $311k and spending of $399k, spending 128% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $3.4m to $311k (-91%), an average of -70% a year. The sharpest change came in the year to June 2022, when income dropped by 94%. Over the whole period it spent 24% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Charity of the Eye Care Network sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Great Falls Clinic Legacy Foundation ($311k), Association for Prevention Teaching and Research ($311k) and Arid1b Research Foundation ($311k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $193k (48% of expenses). Other salaries and wages came to $65k. At year end it held assets of $3.0m against liabilities of $6,968, net assets of $3.0m. It reported 3 employees.