Macula Society Inc

Analysis

Macula Society Inc is a registered charity in United States, based in Pepper Pike, OH. It received its IRS tax-exemption ruling in January 1988, 38 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, Macula Society Inc reported income of $1.7m and spending of $1.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.7m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2022, when income rose by 234%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Macula Society 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 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include United Studies Inc ($1.7m), Field Library Inc ($1.7m) and Northeast TX Habitat for Humanity Inc Serving Gregg Harrison & Upshu ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $230k (14% of expenses). Other salaries and wages came to $111k. At year end it held assets of $5.8m against liabilities of $57k, net assets of $5.8m. It reported 4 employees.