University Ophthalmology Services Inc

Analysis

University Ophthalmology Services Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, University Ophthalmology Services Inc reported income of $10.9m and spending of $10.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.2m to $10.9m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University Ophthalmology Services Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Legacy Community Pharmacy Services ($10.9m), Concordia of Monroeville ($10.9m) and Annandale Care Center ($10.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $978k (9.4% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $14.2m against liabilities of $11.9m, net assets of $2.3m. It reported 109 employees.