The Association of Regulatory Boards of Optometry Inc

Analysis

The Association of Regulatory Boards of Optometry Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, The Association of Regulatory Boards of Optometry Inc reported income of $1.7m and spending of $1.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.7m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Association of Regulatory Boards of Optometry Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include New Directions - the Domestic Abuse Shelter of Knox County ($1.7m), Georgia Music Educators Association Inc ($1.7m) and Butler County United Way ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $167k (9.8% of expenses). Other salaries and wages came to $607k. At year end it held assets of $3.0m against liabilities of $91k, net assets of $2.9m. It reported 9 employees.