College of Optometrists in Vision Development

Analysis

College of Optometrists in Vision Development is a registered charity in United States, based in Aurora, OH. It received its IRS tax-exemption ruling in October 1970, 56 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, College of Optometrists in Vision Development reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.2m (-7.1%), an average of -1.8% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, College of Optometrists in Vision Development sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Christian Community Storehouse Inc ($1.2m), Monroe County Shelter Care Inc ($1.2m) and Lee County Legal Aid Society ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $125k (11% of expenses). At year end it held assets of $2.0m against liabilities of $350k, net assets of $1.7m. It reported 4 employees.