Southern Eye-bank
Only null% goes to programs Strong reserves Declining revenue
Southern Eye-bank is a 501(c)(3) organization based in New Orleans, Louisiana, registered in 2023, with $404,488 in FY2024 revenue. CharityIndex grades it C+.
919 St Charles Avenue, New Orleans, LA, 70130 EIN 72-0502570 Since 2023
Revenue (FY2024)
$404K
▲ 60.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$502K
Net assets
$11.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Southern Eye-bank— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating279 mo reserves · -24% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Southern Eye-bank: 279 mo reserves · -24% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Southern Eye-bank— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Southern Eye-bank: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 919 St Charles Avenue, New Orleans, LA, 70130
- City
- New Orleans
- State
- Louisiana
- Subcategory
- Support Foundations & Fundraising
- Website
- …
Financial trends
Revenue declined from $2.3M (FY2013) to $404K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $18KNet assets $11.6M
Operating margin
-24.0%
Spent more than it raised in the latest fiscal year.
Total assets
$11.7M
Total liabilities
$18K
Net assets
$11.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $404,488▲60.3% | $501,563▼27.2% | $11,648,235▲4.6% | $11,666,403▲4.6% | 990 |
| 2023 | $252,392▼88.1% | $689,327▼20.6% | $11,137,663▲2.0% | $11,157,646▲2.1% | 990 |
| 2022 | $2,113,011▼26.6% | $868,619▼61.4% | $10,915,313▼0.3% | $10,927,141▼0.6% | 990 |
| 2021 | $2,880,299▲60.8% | $2,251,042▲16.6% | $10,947,959▲19.2% | $10,995,375▲16.5% | 990 |
| 2020 | $1,791,201▼29.9% | $1,931,149▼15.7% | $9,186,354▲4.5% | $9,439,004▲6.9% | 990 |
| 2019 | $2,554,331▼8.5% | $2,291,845▼7.3% | $8,794,378▲17.5% | $8,828,603▲16.3% | 990 |
| 2018 | $2,790,615▲3.6% | $2,473,511▲2.2% | $7,481,797▼5.6% | $7,594,467▼5.5% | 990 |
| 2017 | $2,694,298▲5.7% | $2,420,336▲4.2% | $7,925,866▲10.8% | $8,038,025▲11.6% | 990 |
| 2016 | $2,547,902▲7.6% | $2,323,481▼2.6% | $7,150,637▲6.6% | $7,202,361▲5.9% | 990 |
| 2015 | $2,368,436▲4.6% | $2,385,160▲17.2% | $6,709,070▼2.5% | $6,799,649▼3.6% | 990 |
| 2014 | $2,263,940▼0.2% | $2,034,950▲11.7% | $6,883,169▲4.1% | $7,052,914▲6.3% | 990 |
| 2013 | $2,269,384 | $1,821,971▲15.8% | $6,614,584▲20.4% | $6,634,220▲12.9% | 990 |
| 2012 | — | $1,573,798▼1.4% | $5,494,063▲12.7% | $5,878,242▲11.6% | 990 |
| 2011 | — | $1,596,777▲4.2% | $4,873,389▲1.9% | $5,266,960▲1.6% | 990 |
| 2010 | — | $1,533,014 | $4,783,429 | $5,181,869 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $1,849 total
1 grant to Southern Eye-bank totaling $1,849, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Greater New Orleans Foundation | Health | 2014 | $1,849 |
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Frequently asked questions
- Is Southern Eye-bank a legitimate nonprofit?
- Yes. Southern Eye-bank is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 72-0502570, based in New Orleans, Louisiana. Donations are tax-deductible.
- What is Southern Eye-bank's EIN?
- Southern Eye-bank's Employer Identification Number (EIN) is 72-0502570.
- How much revenue does Southern Eye-bank report?
- Southern Eye-bank reported $404,488 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Southern Eye-bank have?
- CharityIndex grades Southern Eye-bank C+, based on financial health (reserves and operating margin).
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Data for Southern Eye-bank (EIN 72-0502570) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.