Foundation of the American Society of Retina Specialists Inc

Analysis

Foundation of the American Society of Retina Specialists Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation of the American Society of Retina Specialists Inc reported income of $835k and spending of $689k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21k to $835k (+3791%), an average of +150% a year. The sharpest change came in the year to December 2021, when income rose by 1103%. Over the whole period it spent 74% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Foundation of the American Society of Retina Specialists Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Remote Aid International Inc ($835k), Xela Aid - Partnerships for Self Reliance ($835k) and Uganda Christian University Partners ($834k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 88% of the total. At year end it held assets of $5.2m against liabilities of $3.8m, net assets of $1.4m.