Collaborative Community on Ophthalmic Innovation Foundation

Analysis

Collaborative Community on Ophthalmic Innovation Foundation is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 June 2023, Collaborative Community on Ophthalmic Innovation Foundation reported income of $111k and spending of $80k, leaving 28% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $116k to $111k (-4.6%), an average of -4.6% a year. Over the whole period it spent 70% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Collaborative Community on Ophthalmic Innovation Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Rejuve-Nations Outpatients Facility Inc ($111k), Kyah Rayne Foundation ($111k) and Brielle First Aid Squad Inc ($111k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $70k against liabilities of $2,952, net assets of $67k.