Quick charity verification for Eye Foundation (EIN: 10512569)
Verdict: Eye Foundation shows mixed signals
40/100Mission Score
$960Revenue
$1Assets
3Red Flags
3Strengths
Red Flags
Extremely low and static assets ($1 for recent years) suggesting minimal financial capacity or reserves.
Very low revenue base (latest $960) limits potential for significant programmatic impact.
Lack of detailed expense breakdown prevents analysis of spending efficiency.
Strengths
Consistently breaks even, with expenses matching revenue for recent periods (e.g., 2023: Revenue=$935, Expenses=$935).
No officer compensation reported, indicating volunteer leadership and efficient use of limited funds for personnel.
Low liabilities ($1 for recent years) suggests minimal debt.
Spending Breakdown
How Eye Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Eye Foundation
Is Eye Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Eye Foundation (EIN: 10512569) shows mixed signals. Mission Score: 40/100. 3 red flags identified, 3 strengths noted.
Is Eye Foundation a good charity to donate to?
Eye Foundation has a Mission Score of 40/100. Revenue: $960. Assets: $1. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Eye Foundation?
The Employer Identification Number (EIN) for Eye Foundation is 10512569. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Eye Foundation spend its money?
Eye Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Eye Foundation's tax-exempt status?
You can verify Eye Foundation's tax-exempt status using EIN 10512569 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Eye Foundation appears to be a very small organization with extremely limited financial activity. Its latest reported revenue is only $960, with assets of $1. For the past five years (2019-2023), its revenue and expenses have been nearly identical, ranging from $835 to $935, suggesting a break-even operation with minimal financial growth or accumulation of resources. The organization consistently reports $1 in assets and $1 in liabilities for these recent periods, which is an unusually low and static financial position for a nonprofit. This minimal financial footprint makes it difficult to assess traditional metrics of financial health or spending efficiency, as the scale of operations is negligible.
Given the consistently low revenue and assets, the Eye Foundation's operational capacity and impact are likely very limited. The absence of reported officer compensation across all filings indicates that any leadership is likely volunteer-based, which is common for very small organizations. However, the lack of detailed expense breakdowns in the provided data prevents a granular analysis of how its minimal funds are allocated between programs, administration, and fundraising. The organization's transparency is limited by the sheer lack of significant financial data to analyze, rather than any apparent obfuscation.