Eye And Contact Lens Association Inc
Eye And Contact Lens Association Inc maintains stable finances with zero liabilities and no reported officer compensation.
EIN: 136203613 · Centennial, CO · Updated: 2026-03-28
Is Eye And Contact Lens Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eye And Contact Lens Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eye And Contact Lens Association Inc
Eye And Contact Lens Association Inc (EIN: 136203613) is a nonprofit organization based in Centennial, CO. The organization reported total revenue of $133K and total assets of $181K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eye And Contact Lens Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eye And Contact Lens Association Inc is a small nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -10.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $120K |
| Total Expenses | $112K |
| Surplus / Deficit | +$8K |
| Total Assets | $147K |
| Net Assets | $147K |
| Operating Margin | 6.7% |
| Months of Reserves | 15.8 months |
Financial Health Grade: A
In 2024, Eye And Contact Lens Association Inc reported a surplus of $8K with revenue exceeding expenses, holds 15.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Eye And Contact Lens Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -21.5% | +8.7% | +5.8% |
| 2023 | +100.2% | +3.4% | +55.8% |
| 2022 | -17.7% | +26.4% | -20.7% |
| 2021 | -41.9% | -36.0% | +14.1% |
| 2020 | +26.6% | -18.7% | +60.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Eye And Contact Lens Association Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Eye And Contact Lens Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly efficient for a nonprofit of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Eye And Contact Lens Association Inc:
- Consistent zero liabilities across all filing periods.
- No reported officer compensation, indicating volunteer leadership and efficient use of funds.
- Healthy asset base relative to annual revenue (e.g., $147,222 assets vs. $119,979 revenue in 202406).
- Long and consistent IRS 990 filing history (13 filings), demonstrating transparency.
- Generally operates with a positive net income, indicating financial sustainability.
Frequently Asked Questions about Eye And Contact Lens Association Inc
Is Eye And Contact Lens Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Eye And Contact Lens Association Inc (EIN: 136203613) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Eye And Contact Lens Association Inc spend its money?
Eye And Contact Lens Association Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Eye And Contact Lens Association Inc tax-deductible?
Eye And Contact Lens Association Inc is registered as a tax-exempt nonprofit (EIN: 136203613). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Eye And Contact Lens Association Inc a good charity?
Based on the provided financial data, the Eye And Contact Lens Association Inc appears to be a well-managed and efficient organization. It consistently operates with zero liabilities, has a healthy asset base, and reports no officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How does the organization manage its liabilities?
The Eye And Contact Lens Association Inc consistently reports $0 in liabilities across all 13 filing periods, indicating excellent financial management and a strong ability to cover its expenses without incurring debt.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have fluctuated over the years, but the organization generally maintains a positive net income. For example, in 202406, revenue was $119,979 against expenses of $111,967, showing a surplus. There have been periods of deficit, such as 201906 ($125,964 revenue vs. $151,562 expenses), but overall, it demonstrates financial resilience.
Filing History
IRS 990 filing history for Eye And Contact Lens Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Eye And Contact Lens Association Inc's revenue has declined by 73.7%, moving from $455K to $120K. Total assets decreased by 44.5% over the same period, from $265K to $147K. Total functional expenses fell by 66.8%, from $337K to $112K. In its most recent filing year (2024), Eye And Contact Lens Association Inc reported a surplus of $8K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $120K | $112K | $147K | $0 | — | — |
| 2023 | $153K | $103K | $139K | $0 | — | — |
| 2022 | $76K | $100K | $89K | $0 | — | View 990 |
| 2021 | $93K | $79K | $113K | $0 | — | View 990 |
| 2020 | $160K | $123K | $99K | $0 | — | View 990 |
| 2019 | $126K | $152K | $61K | $0 | — | View 990 |
| 2018 | $133K | $147K | $87K | $0 | — | View 990 |
| 2017 | $112K | $126K | $100K | $0 | — | View 990 |
| 2016 | $142K | $180K | $114K | $0 | — | View 990 |
| 2015 | $93K | $128K | $151K | $0 | — | View 990 |
| 2014 | $204K | $209K | $188K | $0 | — | View 990 |
| 2013 | $93K | $166K | $192K | $0 | — | View 990 |
| 2012 | $455K | $337K | $265K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $120K, expenses of $112K, and assets of $147K (revenue -21.5% year-over-year).
- 2023: Revenue of $153K, expenses of $103K, and assets of $139K (revenue +100.2% year-over-year).
- 2022: Revenue of $76K, expenses of $100K, and assets of $89K (revenue -17.7% year-over-year).
- 2021: Revenue of $93K, expenses of $79K, and assets of $113K (revenue -41.9% year-over-year).
- 2020: Revenue of $160K, expenses of $123K, and assets of $99K (revenue +26.6% year-over-year).
- 2019: Revenue of $126K, expenses of $152K, and assets of $61K (revenue -5.6% year-over-year).
- 2018: Revenue of $133K, expenses of $147K, and assets of $87K (revenue +18.7% year-over-year).
- 2017: Revenue of $112K, expenses of $126K, and assets of $100K (revenue -20.8% year-over-year).
- 2016: Revenue of $142K, expenses of $180K, and assets of $114K (revenue +52.8% year-over-year).
- 2015: Revenue of $93K, expenses of $128K, and assets of $151K (revenue -54.5% year-over-year).
- 2014: Revenue of $204K, expenses of $209K, and assets of $188K (revenue +118.9% year-over-year).
- 2013: Revenue of $93K, expenses of $166K, and assets of $192K (revenue -79.5% year-over-year).
- 2012: Revenue of $455K, expenses of $337K, and assets of $265K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eye And Contact Lens Association Inc:
Data Sources and Methodology
This transparency report for Eye And Contact Lens Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.