Southern Eye Institute
Southern Eye Institute shows fluctuating financial performance with recent deficits but no executive compensation.
EIN: 203606453 · Memphis, TN · NTEE: Q30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $649K |
| Total Expenses | $477K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $315,911 |
| Net Assets | $251K |
| Transparency Score | 75/100 |
Is Southern Eye Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southern Eye Institute directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southern Eye Institute
Southern Eye Institute (EIN: 203606453) is a nonprofit organization based in Memphis, TN, classified under NTEE code Q30. The organization reported total revenue of $649K and total assets of $419K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Eye Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Eye Institute is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $316K |
| Total Expenses | $477K |
| Surplus / Deficit | $-161,162 |
| Total Assets | $366K |
| Total Liabilities | $115K |
| Net Assets | $251K |
| Operating Margin | -51.0% |
| Debt-to-Asset Ratio | 31.5% |
| Months of Reserves | 9.2 months |
Financial Health Grade: B
In 2023, Southern Eye Institute reported a deficit of $161K with expenses exceeding revenue, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 31.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Southern Eye Institute's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.7% | +3.3% | -14.3% |
| 2022 | -45.3% | +83.7% | -18.2% |
| 2021 | +324.7% | +63.4% | +1160.2% |
| 2020 | -7.2% | -19.4% | +75.6% |
| 2019 | -2.4% | -2.3% | +42.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Southern Eye Institute with a Mission Score of 75 out of 100 (Good). 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, Southern Eye Institute 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 deficit of $161K, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly commendable for an organization of its size with recent revenues ranging from $315,911 to $729,196.
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 Southern Eye Institute's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $161,162 in 2023 and $63,134 in 2022)
- Increasing liabilities, reaching $114,996 in 2023, which could impact financial flexibility.
Strengths
The following positive indicators were identified for Southern Eye Institute:
- Zero executive compensation reported across all filings, indicating strong commitment to mission.
- Significant growth in assets over the past decade, from $4,551 in 2014 to $365,544 in 2023.
- History of consistent IRS 990 filings (13 filings), demonstrating transparency.
Frequently Asked Questions about Southern Eye Institute
Is Southern Eye Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Southern Eye Institute (EIN: 203606453) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Southern Eye Institute spend its money?
Southern Eye Institute directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southern Eye Institute tax-deductible?
Southern Eye Institute is registered as a tax-exempt nonprofit (EIN: 203606453). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Southern Eye Institute CEO make?
Southern Eye Institute's highest-compensated officer earns $315,911 annually. The organization reported $649K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Southern Eye Institute's spending goes to programs?
Southern Eye Institute directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Southern Eye Institute compare to similar nonprofits?
With a transparency score of 75/100 (Good), Southern Eye Institute is above average for NTEE category Q30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Southern Eye Institute located?
Southern Eye Institute is headquartered in Memphis, Tennessee and files with the IRS under EIN 203606453. It is classified under NTEE code Q30.
How many years of IRS 990 filings does Southern Eye Institute have?
Southern Eye Institute 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 $649K in total revenue.
Is Southern Eye Institute a good charity?
Southern Eye Institute exhibits strong indicators of mission focus due to 0% executive compensation and a history of asset growth. However, recent financial deficits (e.g., $161,162 in 2023) suggest potential operational challenges that warrant further investigation into their spending efficiency and revenue generation strategies.
Why are there recent deficits?
The organization experienced deficits of $161,162 in 2023 and $63,134 in 2022. This could be due to increased program costs, administrative overhead, or a decline in revenue. A detailed breakdown of expenses would be needed to pinpoint the exact causes.
How has the organization's financial stability changed over time?
Southern Eye Institute has seen significant growth in assets from $4,551 in 2014 to $365,544 in 2023. However, its financial performance has become more volatile, with a large surplus in 2021 ($477,830) followed by deficits in 2022 and 2023.
Filing History
IRS 990 filing history for Southern Eye Institute showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southern Eye Institute's revenue has grown by 80%, moving from $176K to $316K. Total assets increased by 16010.4% over the same period, from $2K to $366K. Total functional expenses rose by 168.4%, from $178K to $477K. In its most recent filing year (2023), Southern Eye Institute reported a deficit of $161K, with expenses exceeding revenue. The organization holds $115K in liabilities against $366K in assets (debt-to-asset ratio: 31.5%), resulting in net assets of $251K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $316K | $477K | $366K | $115K | — | — |
| 2022 | $399K | $462K | $427K | $15K | — | View 990 |
| 2021 | $729K | $251K | $521K | $15K | — | View 990 |
| 2020 | $172K | $154K | $41K | $13K | — | — |
| 2019 | $185K | $191K | $24K | $13K | — | View 990 |
| 2018 | $190K | $195K | $17K | $0 | — | View 990 |
| 2017 | $182K | $182K | $22K | $0 | — | View 990 |
| 2016 | $168K | $152K | $22K | $0 | — | View 990 |
| 2015 | $109K | $108K | $6K | $0 | — | View 990 |
| 2014 | $152K | $149K | $5K | $0 | — | View 990 |
| 2013 | $343K | $355K | $2K | $0 | — | View 990 |
| 2012 | $746K | $722K | $26K | $12K | — | View 990 |
| 2011 | $176K | $178K | $2K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $316K, expenses of $477K, and assets of $366K (revenue -20.7% year-over-year).
- 2022: Revenue of $399K, expenses of $462K, and assets of $427K (revenue -45.3% year-over-year).
- 2021: Revenue of $729K, expenses of $251K, and assets of $521K (revenue +324.7% year-over-year).
- 2020: Revenue of $172K, expenses of $154K, and assets of $41K (revenue -7.2% year-over-year).
- 2019: Revenue of $185K, expenses of $191K, and assets of $24K (revenue -2.4% year-over-year).
- 2018: Revenue of $190K, expenses of $195K, and assets of $17K (revenue +4.0% year-over-year).
- 2017: Revenue of $182K, expenses of $182K, and assets of $22K (revenue +8.4% year-over-year).
- 2016: Revenue of $168K, expenses of $152K, and assets of $22K (revenue +54.6% year-over-year).
- 2015: Revenue of $109K, expenses of $108K, and assets of $6K (revenue -28.3% year-over-year).
- 2014: Revenue of $152K, expenses of $149K, and assets of $5K (revenue -55.6% year-over-year).
- 2013: Revenue of $343K, expenses of $355K, and assets of $2K (revenue -54.0% year-over-year).
- 2012: Revenue of $746K, expenses of $722K, and assets of $26K (revenue +324.7% year-over-year).
- 2011: Revenue of $176K, expenses of $178K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southern Eye Institute:
Data Sources and Methodology
This transparency report for Southern Eye Institute 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.