Stony Brook Ophthalmology University Faculty Practice Corp

Analysis

Stony Brook Ophthalmology University Faculty Practice Corp is a registered charity in United States, based in Stony Brook, NY. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Stony Brook Ophthalmology University Faculty Practice Corp reported income of $12.1m and spending of $12.3m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.0m to $12.1m (-6.9%), an average of -1.8% a year. The sharpest change came in the year to June 2020, when income dropped by 16%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Stony Brook Ophthalmology University Faculty Practice Corp sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Salemhaven Inc ($12.1m), Jefferson Comprehensive Care System Inc ($12.1m) and Inland Valley Drug and Alcohol Recovery Services ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.0m (17% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $2.3m against liabilities of $2.3m, net assets of $0. It reported 16 employees.