Optometry Giving Sight

Analysis

Optometry Giving Sight is a registered charity in United States, based in Golden, CO. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Optometry Giving Sight reported income of $1.3m and spending of $1.5m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.3m (-37%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Optometry Giving Sight 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 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include Long Beach Public Library Foundation ($1.3m), Friends of Darchei Hillel Inc ($1.3m) and Central Valley Journalism Collaborative ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $181k (12% of expenses). Other salaries and wages came to $96k. At year end it held assets of $3.0m against liabilities of $164k, net assets of $2.8m. It reported 5 employees.