Doheny Eye Institute

Analysis

Doheny Eye Institute is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in October 1973, 53 years ago. 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, Doheny Eye Institute reported income of $25.5m and spending of $22.6m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.4m to $25.5m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 139%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Doheny Eye Institute sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Volunteers of America Inc ($25.5m), Northwest Health Services Inc ($25.5m) and Catholic Charities of California ($25.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $1.8m (7.9% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $227.6m against liabilities of $4.9m, net assets of $222.7m. It reported 147 employees.