San Diego Eye Bank

Analysis

San Diego Eye Bank is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 1963, 63 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, San Diego Eye Bank reported income of $7.0m and spending of $6.5m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.6m to $7.0m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Diego Eye Bank sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Crossroads Fund ($7.0m), St Vincent de Paul Society District Council ($7.0m) and Southwest Solutions Inc ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $184k (2.8% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $5.8m against liabilities of $1.7m, net assets of $4.0m. It reported 59 employees.