Eye Foundation
Eye Foundation operates with minimal revenue and assets, consistently breaking even.
EIN: 10512569 · Brunswick, ME · NTEE: A25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $960 |
| Total Expenses | $935 |
| Program Spending | 80% |
| Net Assets | $0 |
| Transparency Score | 40/100 |
Is Eye Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eye Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eye Foundation
Eye Foundation (EIN: 10512569) is a nonprofit organization based in Brunswick, ME, classified under NTEE code A25. The organization reported total revenue of $960 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eye Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eye Foundation is a micro nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $935 |
| Total Expenses | $935 |
| Surplus / Deficit | +$0 |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2023, Eye Foundation reported a surplus of $0 with revenue exceeding expenses, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Eye Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.0% | +12.0% | +0.0% |
| 2022 | +0.0% | +0.0% | +0.0% |
| 2021 | +0.0% | +0.0% | +0.0% |
| 2020 | +0.0% | +0.0% | +0.0% |
| 2019 | -73.3% | -72.8% | -98.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
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 Foundation with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Eye Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, indicating that the organization's leadership is likely entirely volunteer-based, which is appropriate given its extremely small revenue and asset base.
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 Foundation's IRS 990 filings:
- 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
The following positive indicators were identified for Eye Foundation:
- 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.
Frequently Asked Questions about Eye Foundation
Is Eye Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Eye Foundation (EIN: 10512569) significant concerns. Mission Score: 40/100. 3 red flags identified, 3 strengths noted.
How does Eye Foundation spend its money?
Eye Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Eye Foundation tax-deductible?
Eye Foundation is registered as a tax-exempt nonprofit (EIN: 10512569). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Eye Foundation's spending goes to programs?
Eye Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Eye Foundation compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Eye Foundation is near average for NTEE category A25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Eye Foundation located?
Eye Foundation is headquartered in Brunswick, Maine and files with the IRS under EIN 10512569. It is classified under NTEE code A25.
How many years of IRS 990 filings does Eye Foundation have?
Eye Foundation has 10 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 $960 in total revenue.
Is the Eye Foundation a good charity?
Based on the provided financial data, the Eye Foundation operates on an extremely small scale with minimal revenue (latest $960) and assets ($1). While it consistently breaks even and reports no officer compensation, its capacity for significant programmatic impact is likely very limited due to its size. It's not necessarily 'bad,' but its effectiveness is constrained by its financial footprint.
What is the Eye Foundation's primary source of funding?
The provided data only shows total revenue figures. Without a detailed breakdown of revenue sources (e.g., donations, grants, program service fees), it's impossible to determine the primary source of funding for the Eye Foundation.
How does the Eye Foundation spend its money?
The provided IRS 990 data only shows total expenses. Without a functional expense breakdown (programs, administration, fundraising), a detailed analysis of how the Eye Foundation spends its money cannot be performed from this data alone.
Filing History
IRS 990 filing history for Eye Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Eye Foundation's revenue has grown by 56.1%, moving from $599 to $935. Total assets decreased by 99.2% over the same period, from $118 to $1. Total functional expenses rose by 54.5%, from $605 to $935. In its most recent filing year (2023), Eye Foundation reported a surplus of $0, with revenue exceeding expenses. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $935 | $935 | $1 | $1 | — | — |
| 2022 | $835 | $835 | $1 | $1 | — | — |
| 2021 | $835 | $835 | $1 | $1 | — | — |
| 2020 | $835 | $835 | $1 | $1 | — | — |
| 2019 | $835 | $835 | $1 | $1 | — | View 990 |
| 2015 | $3K | $3K | $77 | $1 | — | View 990 |
| 2014 | $2K | $2K | $13 | $1 | — | View 990 |
| 2013 | $757 | $793 | $49 | $0 | — | View 990 |
| 2012 | $974 | $1K | $85 | $0 | — | View 990 |
| 2011 | $599 | $605 | $118 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $935, expenses of $935, and assets of $1 (revenue +12.0% year-over-year).
- 2022: Revenue of $835, expenses of $835, and assets of $1 (revenue +0.0% year-over-year).
- 2021: Revenue of $835, expenses of $835, and assets of $1 (revenue +0.0% year-over-year).
- 2020: Revenue of $835, expenses of $835, and assets of $1 (revenue +0.0% year-over-year).
- 2019: Revenue of $835, expenses of $835, and assets of $1 (revenue -73.3% year-over-year).
- 2015: Revenue of $3K, expenses of $3K, and assets of $77 (revenue +99.4% year-over-year).
- 2014: Revenue of $2K, expenses of $2K, and assets of $13 (revenue +107.3% year-over-year).
- 2013: Revenue of $757, expenses of $793, and assets of $49 (revenue -22.3% year-over-year).
- 2012: Revenue of $974, expenses of $1K, and assets of $85 (revenue +62.6% year-over-year).
- 2011: Revenue of $599, expenses of $605, and assets of $118.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eye Foundation:
Data Sources and Methodology
This transparency report for Eye Foundation 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.