American Academy of Optometry Foundation Inc

Analysis

American Academy of Optometry Foundation Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in November 1961, 65 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) 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 Foundation Inc reported income of $1.7m and spending of $1.4m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.7m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, American Academy of Optometry Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Mental Health Association of Southern Tier Inc ($1.7m), Volunteers in Medicine - San Francisco ($1.7m) and Iowa Healthiest State Initiative ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $165k (12% of expenses). Other salaries and wages came to $44k. At year end it held assets of $9.9m against liabilities of $613k, net assets of $9.3m. It reported 2 employees.