New England Ophthalmological Society Inc 85 Central St

Analysis

New England Ophthalmological Society Inc 85 Central St is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in January 1985, 41 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 June 2023, New England Ophthalmological Society Inc 85 Central St reported income of $525k and spending of $594k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $749k to $525k (-30%), an average of -8.5% a year. The sharpest change came in the year to June 2021, when income dropped by 59%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Ophthalmological Society Inc 85 Central St sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Alpha Chi National College Honor Scholarship Society ($525k), Good Shepherd Lutheran School Inc ($525k) and The Oyster Harbors Club Scholarship Fund Inc ($525k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 88% of the total. At year end it held assets of $2.7m against liabilities of $131k, net assets of $2.5m.