Ophthalmicedge Inc

Analysis

Ophthalmicedge Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover medical research, 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, Ophthalmicedge Inc reported income of $115k and spending of $99k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $78k to $115k (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 58%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ophthalmicedge Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Lynch Foundation Inc ($115k), Hope Alive Transformational Ministries Inc ($115k) and Helping Haitian Children Inc ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $213k against liabilities of $0, net assets of $213k.