Ophthalmology Research Foundation Inc

Analysis

Ophthalmology Research Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 1970, 56 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 July 2023, Ophthalmology Research Foundation Inc reported income of $3.0m and spending of $4.5m, spending 149% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $3.9m to $3.0m (-22%), an average of -6.2% a year. The sharpest change came in the year to July 2023, when income dropped by 68%. Over the whole period it spent 57% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ophthalmology Research Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Wisconsin Womens Health Foundation Inc ($3.0m), Dominican Santa Cruz Hospital Foundation ($3.0m) and Good Samaritan Clinic Inc ($3.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 17% and program service revenue 66% of the total. Other salaries and wages came to $30k. At year end it held assets of $75.8m against liabilities of $7.6m, net assets of $68.3m.