Foundation of the American Academy of Ophthalmology

Analysis

Foundation of the American Academy of Ophthalmology is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 1980, 46 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2023, Foundation of the American Academy of Ophthalmology reported income of $12.8m and spending of $15.4m, spending 121% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $10.9m to $12.8m (+17%), an average of +5.5% a year. The sharpest change came in the year to March 2022, when income rose by 35%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation of the American Academy of Ophthalmology sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Ballet Arizona ($12.7m), Wisconsin Public Radio Association Inc ($12.8m) and Storyville Center for the Spoken Word Inc ($12.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 63% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $273k (1.8% of expenses). Other salaries and wages came to $336k. At year end it held assets of $170.6m against liabilities of $46.0m, net assets of $124.6m. It reported 5 employees.