American Osteopathic Colleges of Opthalmology and Otolaryngology

Analysis

American Osteopathic Colleges of Opthalmology and Otolaryngology is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Osteopathic Colleges of Opthalmology and Otolaryngology reported income of $1.4m and spending of $916k, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.4m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 3786%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, American Osteopathic Colleges of Opthalmology and Otolaryngology sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NM. Charities of a similar size with the same main cause include Friends of Parivaar Inc ($1.4m), American Friends of Kishorit Inc ($1.4m) and Fort Smith Public Library Endowment TR ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $7.8m against liabilities of $146k, net assets of $7.7m.