New England Eye Institute Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO IMPROVE THE VISUAL HEALTH OF POPULATIONS THROUGH EXCELLENCE IN COLLABORATIVE AND COMMUNITY-ORIENTED PATIENT CARE, EDUCATION AND RESEARCH.
- Income
- $8.3 million
- Spending
- $8.4 million
- Spent on programs
- 81%
- Reserves
- 0.2 months of spending
- Largest source of income
- fees for its services, 94%
- Employees
- 149
- Volunteers
- 50
- Highest pay
- $714,722, president
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 47 out of 100. Higher than 15% of charities in its peer group (human services, $1m to $10m).
Reserves
4 of 35Spendable reserves would cover 0.2 months of spending.
Debt
5 of 20It owes 54% of what it owns.
Living within its means
8 of 15Spending exceeded income by 0% of income.
Income trend
15 of 15Income rose 4% on the year before.
Spending floor
15 of 1581% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 65% of charities in its peer group (human services, $1m to $10m).
Independent board
25 of 2516 of 18 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $3.6 million spent. OWNED AND OPERATED CLINICS: NEW ENGLAND EYE (NEEI), DBA NECO CENTER FOR EYE CARE, IS THE PATIENT CARE AND TEACHING AFFILIATE OF THE NEW ENGLAND COLLEGE OF OPTOMETRY (NECO). THE COMMONWEALTH AND ROSLINDALE EYE CENTERS ARE OWNED AND OPERATED BY NEEI. A SIGNIFICANT PORTION OF THE STUDENT'S EARLY CLINICAL EDUCATION EXPERIENCES OCCUR AT THESE LOCATIONS SERVING OVER 15,000 PATIENT VISITS ANNUALLY. SERVICES OFFERED INCLUDE PRIMARY EYE CARE, LOW VISION REHABILITATION, PEDIATRIC EYE CARE, VISION THERAPY, MYOPIA CONTROL, CONTACT LENSES, AND OPTICIAN SERVICES.
- $3.0 million spent. COMMUNITY HEALTH CENTERS AND EXTERNAL CLINICS: OUR DOCTORS AND STUDENTS PROVIDE EYE CARE SERVICES TO APPROXIMATELY 65,000 PATIENT VISITS ANNUALLY AT 15 MASSACHUSETTS COMMUNITY HEALTH CENTERS AND EXTERNAL CLINICS WITHIN A NETWORK OF NEIGHBORHOOD-BASED PRIMARY CARE CLINICS. THIS MODEL OF CARE EXPOSES OUR STUDENTS TO A DIVERSE POPULATION, AND ALLOWS THEM TO EXPERIENCE THE DELIVERY OF HEALTH/EYE CARE IN A CULTURALLY COMPETENT AND INTERDISCIPLINARY SETTING.`
- $203,816 spent. SCHOOL SCREENINGS AND OUTREACH SERVICES: OUR SCHOOLS AND OUTREACH PROGRAMS PROVIDE A WIDE RANGE OF SERVICES TO INDIVIDUALS EXPERIENCING HOMELESSNESS, ADULTS AND CHILDREN WITH INTELLECTUAL DISABILITIES, AND INDIVIDUALS WHO ARE LEGALLY BLIND OR VISUALLY IMPAIRED. SERVICES INCLUDE VISION SCREENINGS, COMPREHENSIVE EYE EXAMS, AND LOW VISION REHABILITATION. CARE IS PROVIDED IN PARTNERSHIP WITH PUBLIC SCHOOLS, HOMELESS SHELTERS, LOCAL GOVERNMENTS, AND COMMUNITY BASED ORGANIZATIONS. NEEI'S SCHOOLS AND OUTREACH PROGRAMS SERVE APPROXIMATELY 5,000 PATIENTS ANNUALLY ACROSS MASSACHUSETTS.
- NEW ENGLAND EYE INSTITUTE, INC. PROVIDES CLINICAL EDUCATION SERVICES TO ITS AFFILIATE THE NEW ENGLAND COLLEGE OF OPTOMETRY. NOTE THAT EXPENSES FOR THESE SERVICES ARE INCLUDED IN ITEMS 4A, 4B, AND 4C ABOVE.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 2002.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.