Ophthalmology Medical Service Group Inc

Analysis

Ophthalmology Medical Service Group Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in July 1996, 30 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 December 2021, Ophthalmology Medical Service Group Inc reported income of $6.1m and spending of $5.0m, spending 82% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $3.5m to $6.1m (+73%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ophthalmology Medical Service Group Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Inperium Inc ($6.1m), Health Commons Project ($6.1m) and Wellspring Inc ($6.1m).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.4m (28% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $4.0m against liabilities of $720k, net assets of $3.3m. It reported 8 employees.