Suny College of Optometry Foundation

Analysis

Suny College of Optometry Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1957, 69 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Suny College of Optometry Foundation reported income of $3.2m and spending of $1.8m, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $3.2m (+74%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Suny College of Optometry Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include UCLA Alumni Association ($3.2m), Jal Public Library Fund ($3.2m) and Greenhouse Scholars ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 4.6% of the total. At year end it held assets of $13.5m against liabilities of $185k, net assets of $13.3m.