Discovery Eye Foundation

Analysis

Discovery Eye Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 1988, 38 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 December 2023, Discovery Eye Foundation reported income of $602k and spending of $588k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $602k (-44%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Discovery Eye Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Mental Health Association of St Louis ($602k), Diocesan Council of Camden SVDP ($602k) and Plantation Field Equestrian Events Inc ($602k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $54k. At year end it held assets of $2.4m against liabilities of $16k, net assets of $2.4m. It reported 2 employees.