Optical Society of America Inc

Analysis

Optical Society of America Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1956, 70 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 December 2023, Optical Society of America Inc reported income of $68.2m and spending of $51.6m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $49.5m to $68.2m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Optical Society of America Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 97th percentile within DC. Charities of a similar size with the same main cause include Metropolitan Jewish Health System Inc ($68.1m), Front Range Health Partners LLC ($68.2m) and Ascension Living Bethlehem Woods Village ($68.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $2.1m (4.1% of expenses). Other salaries and wages came to $17.9m. At year end it held assets of $145.0m against liabilities of $29.9m, net assets of $115.0m. It reported 187 employees.