Optometric Extension Program Foundation Inc

Analysis

Optometric Extension Program Foundation Inc is a registered charity in United States, based in Luthvle Timon, MD. It received its IRS tax-exemption ruling in July 1967, 59 years ago. Its declared purposes cover health care, 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 September 2023, Optometric Extension Program Foundation Inc reported income of $640k and spending of $607k, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.3m to $640k (-50%), an average of -16% a year. The sharpest change came in the year to September 2022, when income dropped by 38%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Optometric Extension Program Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Southeastern Surgical Congress ($640k), Idaa ($640k) and Ability Center of Virginia ($639k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $133k (22% of expenses). Other salaries and wages came to $90k. At year end it held assets of $919k against liabilities of $20k, net assets of $899k. It reported 5 employees.