American Ophthalmological Society

Analysis

American Ophthalmological Society is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 1974, 52 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, American Ophthalmological Society reported income of $244k and spending of $565k, spending 231% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $244k (+9.6%), an average of +2.3% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 207% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Ophthalmological Society sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Bitter Root Valley Historical Society ($244k), Hosanna Community House Inc ($244k) and Operation Reach-Out ($244k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 84% of the total. Compensation of current officers, directors and key employees was $48k (8.4% of expenses). At year end it held assets of $1.0m against liabilities of $2.6m, net assets of -$1.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.