The Association for Research in Vision and Ophthalmology

Analysis

The Association for Research in Vision and Ophthalmology is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in February 1945, 81 years ago. 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 for Research in Vision and Ophthalmology reported income of $10.3m and spending of $10.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.4m to $10.3m (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Association for Research in Vision and Ophthalmology sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Ballard Food Bank ($10.3m), Community Revitalization and Reservation Corporation ($10.3m) and PKD Foundation ($10.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $2.2m (22% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $21.4m against liabilities of $6.8m, net assets of $14.6m. It reported 35 employees.