Ocular Melanoma Foundation

Analysis

Ocular Melanoma Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2005, 21 years ago. 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 December 2023, Ocular Melanoma Foundation reported income of $778k and spending of $591k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $385k to $778k (+102%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 335%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ocular Melanoma Foundation sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 51st percentile within DC. Charities of a similar size with the same main cause include Mercy Projects ($778k), Fellowship of Christians in Action Inc ($778k) and Old First Ward Community Association ($778k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $301k against liabilities of $0, net assets of $301k.