Los Angeles Society of Ophthalmology

Analysis

Los Angeles Society of Ophthalmology is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Los Angeles Society of Ophthalmology reported income of $94k and spending of $84k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $94k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Los Angeles Society of Ophthalmology sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include The Tiller Foundation ($94k), Garrets Promise Inc ($94k) and Pink Elephant ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.