GBMC Ophthalmology Educational Foundation Inc

Analysis

GBMC Ophthalmology Educational Foundation Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in November 1988, 38 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, GBMC Ophthalmology Educational Foundation Inc reported income of $134k and spending of $75k, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $119k to $134k (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2021, when income rose by 172%. Over the whole period it spent 123% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, GBMC Ophthalmology Educational Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within MD. Charities of a similar size with the same main cause include Stroke Research Education Foundation Inc ($134k), Tough Enough to Wear Pink Twin Falls ($134k) and Rock Hill Volunteer Ambulance Corps ($134k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% of the total. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.