University of Alabama Ophthalmology Services Foundation

Analysis

University of Alabama Ophthalmology Services Foundation is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, University of Alabama Ophthalmology Services Foundation reported income of $17.3m and spending of $18.0m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.0m to $17.3m (+45%), an average of +9.7% a year. The sharpest change came in the year to September 2021, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, University of Alabama Ophthalmology Services Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within AL. Charities of a similar size with the same main cause include Lesbian and Gay Community Services Center Inc ($17.3m), Methodist Childrens Home Society ($17.3m) and Tockwotton Home ($17.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $1.4m (8.0% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $2.4m against liabilities of $1.3m, net assets of $1.2m. It reported 44 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.