WARBY PARKER IMPACT FOUNDATION

EIN: 842384402 501(c)(3) Health Care

NEW YORK, NY

Total Revenue
$2,980,257
Total Expenses
$1,298,743
Total Assets
$14,926,547
Net Assets
$14,918,125
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
DE
Principal Officer
NEIL BLUMENTHAL
Phone
8884927297
Tax Period
2023-01-01 to 2023-12-31

WARBY PARKER IMPACT FOUNDATION, founded in 2019, is a community nonprofit in the Health Care sector that reported $3.0M in total revenue in fiscal year 2023. The organization ran a surplus of $1.7M, a strong 56% operating margin.

Mission

TO PROMOTE EYE HEALTH AND EDUCATE THE PUBLIC ABOUT EYE CARE AND EYE HEALTH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,686,274
Program Service Revenue $0
Investment Income $293,983
Other Revenue $0
TOTAL REVENUE $2,980,257

Expense Breakdown

Grants Paid $1,191,001
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,191,001
Other Expenses $107,742
TOTAL EXPENSES $1,298,743

Year-over-Year Comparison

2023 2022 Change
Revenue $2,980,257 $2,761,949 +0.1%
Expenses $1,298,743 $1,272,810 +0.0%
Net Income $1,681,514 $1,489,139 +0.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
5

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEIL BLUMENTHAL PRESIDENT 0.50
Officer Director
$0 $0 $0
DAVE GILBOA TREASURER 0.50
Officer Director
$0 $0 $0
JOEL CUTLER SECRETARY 0.50
Officer Director
$0 $0 $0
MEGAN COLLINS BOARD MEMBER 0.50
Director
$0 $0 $0
HANNAH KOWALSKI EXECUTIVE DIRECTOR 0.50
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $2,980,257 $1,298,743 $14,926,547 $1,681,514
2022 $2,761,949 $1,272,810 $12,164,577 $1,489,139
2021 $10,311,621 $87,585 $10,440,733 $10,224,036
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