Ophthalmology Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 125,500 | 64,858 | 60,642 | 11.2 | — |
| 2021 | 757,071 | 612,465 | 144,606 | 47.0 | 47% |
| 2022 | 1,398,274 | 1,075,274 | 323,000 | 29.5 | 26% |
| 2023 | 708,305 | 924,362 | −216,057 | 27.8 | 31% |
In its most recent public year (2023), this organization spent $216,057 more than it brought in. Its reserves stood at about 27.8 months of spending, up from 11.2 in 2020. Staff pay was 31% of spending. $1,081,653 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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