Ophthalmology Foundation

Analysis

Ophthalmology Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Ophthalmology Foundation reported income of $708k and spending of $924k, spending 131% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $757k to $708k (-6.4%), an average of -3.3% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ophthalmology Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Global Friendship Ventures ($708k), Wichita Friends School Inc ($708k) and Woodlawn Preschool ($708k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $106k (11% of expenses). Other salaries and wages came to $185k. At year end it held assets of $2.4m against liabilities of $287k, net assets of $2.1m. It reported 4 employees.