Eye Bank For Sight Restoration Inc
Eye Bank For Sight Restoration Inc maintains strong asset growth and consistent operational surpluses with no reported officer compensation.
EIN: 131623998 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.7M |
| Total Expenses | $9.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $90 |
| Net Assets | $78.5M |
| Transparency Score | 90/100 |
Is Eye Bank For Sight Restoration Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eye Bank For Sight Restoration Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eye Bank For Sight Restoration Inc
Eye Bank For Sight Restoration Inc (EIN: 131623998) is a nonprofit organization based in New York, NY. The organization reported total revenue of $19.7M and total assets of $89.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eye Bank For Sight Restoration Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eye Bank For Sight Restoration Inc is a large nonprofit that has been operating for 81 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.7M |
| Total Expenses | $9.8M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $81.4M |
| Total Liabilities | $2.9M |
| Net Assets | $78.5M |
| Operating Margin | 15.9% |
| Debt-to-Asset Ratio | 3.6% |
| Months of Reserves | 99.6 months |
Financial Health Grade: A
In 2023, Eye Bank For Sight Restoration Inc reported a surplus of $1.9M with revenue exceeding expenses, holds 99.6 months of operating reserves (strong position), has a debt-to-asset ratio of 3.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Eye Bank For Sight Restoration Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.4% | -2.7% | +15.9% |
| 2022 | +30.8% | +6.8% | -17.9% |
| 2021 | +1.1% | -4.3% | +9.8% |
| 2020 | +13.3% | +9.2% | +10.1% |
| 2019 | -6.1% | +4.5% | +18.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1280 |
| IRS Ruling Date | 1945 |
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 Bank For Sight Restoration 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 Bank For Sight Restoration 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with assets nearing $90 million and annual expenses around $10 million. This suggests either a fully volunteer leadership or that executive compensation is categorized differently, requiring deeper scrutiny of their financial statements to understand how leadership is compensated.
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.
Red Flags
The following concerns were identified during AI analysis of Eye Bank For Sight Restoration Inc's IRS 990 filings:
- Unexplained 0% officer compensation across all filings for a large organization
- Significant fluctuations in annual revenue, such as the $28.8 million in 2015 and $19.6 million latest reported, without clear explanation in summary data
Strengths
The following positive indicators were identified for Eye Bank For Sight Restoration Inc:
- Consistent operational surpluses, indicating sound financial management (e.g., $11.6M revenue vs. $9.8M expenses in 2023)
- Strong asset growth over the past decade, from $27.8 million in 2014 to $81.4 million in 2023, demonstrating financial stability and capacity
- Healthy asset-to-liability ratio, with liabilities consistently being a small fraction of total assets (e.g., $81.4M assets vs. $2.9M liabilities in 2023)
- Low reported liabilities, indicating minimal debt burden
Frequently Asked Questions about Eye Bank For Sight Restoration Inc
Is Eye Bank For Sight Restoration Inc a legitimate charity?
Eye Bank For Sight Restoration Inc (EIN: 131623998) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $19.7M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Eye Bank For Sight Restoration Inc spend its money?
Eye Bank For Sight Restoration Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Eye Bank For Sight Restoration Inc tax-deductible?
Eye Bank For Sight Restoration Inc is registered as a tax-exempt nonprofit (EIN: 131623998). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Eye Bank For Sight Restoration Inc CEO make?
Eye Bank For Sight Restoration Inc's highest-compensated officer earns $90 annually. The organization reported $19.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Eye Bank For Sight Restoration Inc's spending goes to programs?
Eye Bank For Sight Restoration Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Eye Bank For Sight Restoration Inc located?
Eye Bank For Sight Restoration Inc is headquartered in New York, New York and files with the IRS under EIN 131623998.
How many years of IRS 990 filings does Eye Bank For Sight Restoration Inc have?
Eye Bank For Sight Restoration Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $19.7M in total revenue.
How does Eye Bank For Sight Restoration Inc manage to report 0% officer compensation given its scale?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with annual expenses around $10 million and assets of $89 million. This suggests either a fully volunteer leadership, or that compensation for key executives is reported under different expense categories, which would require a deeper dive into their detailed financial statements to clarify.
What caused the significant revenue spike to $28.8 million in 2015 and $19.6 million in the latest reported figure, compared to typical annual revenues around $10-13 million?
The revenue figures show considerable variability, with a peak of $28.8 million in 2015 and the latest reported revenue at $19.6 million, contrasting with more typical revenues of $10-13 million in other years. This could indicate large one-time donations, grants, or specific investment gains that are not part of their recurring operational income. Understanding the source of these spikes is crucial for assessing long-term financial predictability.
What is the organization's NTEE code and how does it align with its mission?
The NTEE code for Eye Bank For Sight Restoration Inc is currently unknown. Identifying this code would provide a clearer understanding of its primary functional area and allow for better comparison with peer organizations in the nonprofit sector.
Filing History
IRS 990 filing history for Eye Bank For Sight Restoration Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Eye Bank For Sight Restoration Inc's revenue has grown by 58.5%, moving from $7.4M to $11.7M. Total assets increased by 303.9% over the same period, from $20.2M to $81.4M. Total functional expenses rose by 94.9%, from $5.0M to $9.8M. In its most recent filing year (2023), Eye Bank For Sight Restoration Inc reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $2.9M in liabilities against $81.4M in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $78.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.7M | $9.8M | $81.4M | $2.9M | — | — |
| 2022 | $13.5M | $10.1M | $70.3M | $3.5M | — | — |
| 2021 | $10.3M | $9.4M | $85.6M | $1.0M | — | View 990 |
| 2020 | $10.2M | $9.9M | $77.9M | $791K | — | View 990 |
| 2019 | $9.0M | $9.0M | $70.7M | $686K | — | View 990 |
| 2018 | $9.6M | $8.6M | $59.5M | $969K | — | View 990 |
| 2017 | $10.4M | $8.1M | $60.8M | $1.3M | — | View 990 |
| 2016 | $8.9M | $7.2M | $52.2M | $867K | — | View 990 |
| 2015 | $28.8M | $6.7M | $48.2M | $701K | — | View 990 |
| 2014 | $8.3M | $6.2M | $27.8M | $650K | — | View 990 |
| 2013 | $6.3M | $5.9M | $25.7M | $734K | — | View 990 |
| 2012 | $6.4M | $5.5M | $22.7M | $842K | — | View 990 |
| 2011 | $7.4M | $5.0M | $20.2M | $221K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.7M, expenses of $9.8M, and assets of $81.4M (revenue -13.4% year-over-year).
- 2022: Revenue of $13.5M, expenses of $10.1M, and assets of $70.3M (revenue +30.8% year-over-year).
- 2021: Revenue of $10.3M, expenses of $9.4M, and assets of $85.6M (revenue +1.1% year-over-year).
- 2020: Revenue of $10.2M, expenses of $9.9M, and assets of $77.9M (revenue +13.3% year-over-year).
- 2019: Revenue of $9.0M, expenses of $9.0M, and assets of $70.7M (revenue -6.1% year-over-year).
- 2018: Revenue of $9.6M, expenses of $8.6M, and assets of $59.5M (revenue -7.7% year-over-year).
- 2017: Revenue of $10.4M, expenses of $8.1M, and assets of $60.8M (revenue +16.0% year-over-year).
- 2016: Revenue of $8.9M, expenses of $7.2M, and assets of $52.2M (revenue -69.0% year-over-year).
- 2015: Revenue of $28.8M, expenses of $6.7M, and assets of $48.2M (revenue +247.7% year-over-year).
- 2014: Revenue of $8.3M, expenses of $6.2M, and assets of $27.8M (revenue +31.8% year-over-year).
- 2013: Revenue of $6.3M, expenses of $5.9M, and assets of $25.7M (revenue -1.8% year-over-year).
- 2012: Revenue of $6.4M, expenses of $5.5M, and assets of $22.7M (revenue -13.0% year-over-year).
- 2011: Revenue of $7.4M, expenses of $5.0M, and assets of $20.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eye Bank For Sight Restoration Inc:
Data Sources and Methodology
This transparency report for Eye Bank For Sight Restoration 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.