University of Maryland Eye Association Pa

Analysis

University of Maryland Eye Association Pa is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Maryland Eye Association Pa reported income of $8.7m and spending of $8.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.6m to $8.7m (+15%), an average of +3.4% a year. The sharpest change came in the year to June 2022, when income rose by 110%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University of Maryland Eye Association Pa sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include The Masonic Charity Foundation of Connecticut Inc ($8.7m), Cardea Services ($8.7m) and South Texas Family Planning & Health Corporation ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $310k (3.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $3.2m against liabilities of $3.9m, net assets of -$689k. It reported 65 employees.