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The Foundation of the American Academy of Ophthalmology
The Foundation of the American Academy of Ophthalmology reported $14.9 million in revenue and $17.3 million in expenses for the fiscal year ending March 31, 2025. Of every $100 it spent, $74.70 went to program services, $19.13 to management and general costs and $6.17 to fundraising. Its largest source of revenue was investment income: 53.2% of the total. The highest compensation it reported for one person was $1,231,054 (SECRETARY / CEO OF AAO). 2 people received more than $100,000 in reportable compensation. Revenue rose 37% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending March 31, 2025 · Form 990, Part IX, line 25 · total expenses $17MFor context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending March 31, 2025 · Form 990, Part VIII · total revenue $15M- Contributions & grants (non-government)$34.55 $5.1M
- Program service revenue$12.29 $1.8M
- Investment income$53.16 $7.9M
Other revenue was negative: −$17,461. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 74.7% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 19.1% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 6.2% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.21 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 34.6% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 12.3% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $1,231,054 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 7.11% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 2 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 94.1 | 36.6 |
| Independent voting board members Part VI 1a–1b | 12 of 23 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseGrants to aao to support "advancing lifelong ophthalmic education": medical knowledge and the pace of surgical and therapeutic innovation is growing rapidly, as is an increased emphasis on patient outcomes and value-based care. Faao supports aao programs that speed the transfer of ophthalmic knowledge and innovation to ophthalmologists worldwide. By raising philanthropic gifts globally and managing its investable assets, faao provides grants to aao programs in ophthalmic education and quality of care, including the one network, iris registry, r&d for products and services, and international…
Grants to aao to support "public service": one in six people aged 65 and older has vision impairment that cannot be corrected with glasses. This is often caused by common eye conditions and diseases detected by eye exams. Many people often delay getting care that could save their sight because they cannot afford it. Eyecare america, through its 3,000 volunteer ophthalmologists, removes this barrier by providing care at no out-of-pocket cost to patients. Eyecare america also raises awareness about eye disease and provides free eye health information. In fiscal year 2024-2025, eyecare america…
Grants to aao to support "quality and data science": faao provides support to the h. Dunbar hoskins jr., m.d. Center for quality eye care, which was established as a quality of care and health policy research center that advances the accessibility to and appropriateness of eye care services. The work of the hoskins center ensures that patients continue to receive high quality, evidence-based eye care within a tightening economic environment that will demand increased value for any services provided. Although extensive in scope, the hoskins center is organized into four main programmatic…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| SECRETARY / CEO OF AAO Director/trustee, officer, 8.00 hrs/week | $0 | $1,122,500 | $108,554 | $1,231,054 |
| COO / CFO / CHIEF LEGAL & RISK OFF Officer, 6.00 hrs/week | $0 | $594,354 | $106,379 | $700,733 |
| EXECUTIVE DIRECTOR Officer, 40.00 hrs/week | $259,399 | $0 | $45,602 | $305,001 |
| DIRECTOR OF DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $172,038 | $0 | $45,319 | $217,357 |
| CHAIR (2024) / DIRECTOR (2025) Director/trustee, officer, 1.00 hrs/week | $0 | $85,000 | $0 | $85,000 |
| VICE CHAIR (2024) / CHAIR (2025) Director/trustee, officer, 1.00 hrs/week | $0 | $30,000 | $0 | $30,000 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $25,000 | $0 | $25,000 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $25,000 | $0 | $25,000 |
2 people received more than $100,000 in reportable compensation from The Foundation of the American Academy of Ophthalmology (Part VII, line 2). Compensation of current officers, directors and key employees totaled $305K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b23 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 54
- Volunteers Part I, line 63,000
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| PARADIGM MEDICAL COMMUNICATIONS Strategy consulting | $899,415 |
| KAMARAN BUILDING SERVICES LLC Janitorial services | $210,523 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
6 private foundations reported grants to The Foundation of the American Academy of Ophthalmology totaling $166K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Foundation of the American Academy of Ophthalmology's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Foundation of the American Academy of Ophthalmology, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Foundation of the American Academy of Ophthalmology spent in FY2025, $74.70 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Music Center FoundationLos Angeles, CA · revenue $15M · programs 88.7% · FY2025
- Japan SocietyNew York, NY · revenue $15M · programs 61.6% · FY2025
- San Diego TheatresSan Diego, CA · revenue $15M · programs 73.7% · FY2025
- Virginia Historical SocietyRichmond, VA · revenue $15M · programs 78.8% · FY2025
- The Philadelphia Cultural FundPhiladelphia, PA · revenue $15M · programs 95.1% · FY2025
All arts, culture & humanities charities · Largest charities in California
Questions people ask
How much of The Foundation of the American Academy of Ophthalmology's spending goes to programs?
In the fiscal year ending March 31, 2025, The Foundation of the American Academy of Ophthalmology reported that 74.7% of its $17.3 million in expenses went to program services, 19.1% to management and general and 6.2% to fundraising (Form 990, Part IX).
How much does The Foundation of the American Academy of Ophthalmology pay its top executive?
The largest total compensation The Foundation of the American Academy of Ophthalmology reported for one person in the fiscal year ending March 31, 2025 was $1,231,054, for the role of SECRETARY / CEO OF AAO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Foundation of the American Academy of Ophthalmology get its money?
Of $14.9 million in revenue in the fiscal year ending March 31, 2025, 34.6% came from contributions and grants and 12.3% from program service revenue (Form 990, Part VIII).
Is The Foundation of the American Academy of Ophthalmology a registered charity?
The IRS lists EIN 94-2682387 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending March 31, 2025, object 202522609349301677 · read the filing
- FY2024: Form 990 for the fiscal year ending March 31, 2024, object 202510499349302401 · read the filing
- FY2023: Form 990 for the fiscal year ending March 31, 2023, object 202410469349300131 · read the filing
- FY2022: Form 990 for the fiscal year ending March 31, 2022, object 202330169349300913 · read the filing
- FY2021: Form 990 for the fiscal year ending March 31, 2021, object 202142259349303004 · read the filing
- FY2020: Form 990 for the fiscal year ending March 31, 2020, object 202012269349301666 · read the filing
All filings for EIN 94-2682387: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.