American Academy of Optometry

Analysis

American Academy of Optometry is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, American Academy of Optometry reported income of $8.6m and spending of $9.9m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.5m to $8.6m (+14%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Academy of Optometry sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Cuyahoga Community College Foundati ($8.6m), Link Community Charter School Inc ($8.6m) and New Tech Network Inc ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.8% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $403k (4.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $12.1m against liabilities of $2.9m, net assets of $9.2m. It reported 22 employees.