Near Vision Institute

Analysis

Near Vision Institute is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in July 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Near Vision Institute reported income of $278k and spending of $304k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $463k to $278k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 121% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Near Vision Institute sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within WA. Charities of a similar size with the same main cause include CMC Initiative Inc ($278k), Epiphany Project Inc ($278k) and Stars and Strides Stables ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $12k (3.9% of expenses). Other salaries and wages came to $140k. At year end it held assets of $3,168 against liabilities of $159k, net assets of -$156k. It reported 18 employees.