Compound Eyes Foundation

Analysis

Compound Eyes Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Compound Eyes Foundation reported income of $85k and spending of $55k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $473k to $85k (-82%), an average of -82% a year. The sharpest change came in the year to December 2023, when income dropped by 82%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Compound Eyes Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Weddington High School Band Boosters ($85k), Silayan Filipina National Organization ($85k) and Champion Christmas Basket and Santa Pal Program ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $241k against liabilities of $0, net assets of $241k.