Mississippi Optometric Association Incorporated
EIN: 237177819 · Madison, MS
| Metric | Value |
|---|---|
| Total Revenue | $535K |
| Total Expenses | $700K |
| Net Assets | $574K |
Is Mississippi Optometric Association Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mississippi Optometric Association Incorporated
Mississippi Optometric Association Incorporated (EIN: 237177819) is a nonprofit organization based in Madison, MS. The organization reported total revenue of $535K and total assets of $647K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mississippi Optometric Association Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mississippi Optometric Association Incorporated is a small nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $752K |
| Total Expenses | $700K |
| Surplus / Deficit | +$52K |
| Total Assets | $594K |
| Total Liabilities | $20K |
| Net Assets | $574K |
| Operating Margin | 6.9% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 10.2 months |
Financial Health Grade: A
In 2023, Mississippi Optometric Association Incorporated reported a surplus of $52K with revenue exceeding expenses, holds 10.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mississippi Optometric Association Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.7% | -1.8% | +12.7% |
| 2022 | -19.4% | -18.4% | +1.7% |
| 2021 | +62.5% | +60.9% | +36.1% |
| 2020 | -21.4% | -27.1% | +22.9% |
| 2019 | +9.1% | -0.4% | +25.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mississippi Optometric Association Incorporated has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mississippi Optometric Association Incorporated with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $52K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.3%.
Frequently Asked Questions about Mississippi Optometric Association Incorporated
Is Mississippi Optometric Association Incorporated a legitimate charity?
Mississippi Optometric Association Incorporated (EIN: 237177819) is a registered tax-exempt nonprofit based in Mississippi. It has 13 years of IRS 990 filings on record. Total revenue: $535K. No red flags identified. Financial health grade: A.
How does Mississippi Optometric Association Incorporated spend its money?
Mississippi Optometric Association Incorporated reported $535K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mississippi Optometric Association Incorporated tax-deductible?
Mississippi Optometric Association Incorporated is registered as a tax-exempt nonprofit (EIN: 237177819). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mississippi Optometric Association Incorporated located?
Mississippi Optometric Association Incorporated is headquartered in Madison, Mississippi and files with the IRS under EIN 237177819.
How many years of IRS 990 filings does Mississippi Optometric Association Incorporated have?
Mississippi Optometric Association Incorporated has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $535K in total revenue.
Filing History
IRS 990 filing history for Mississippi Optometric Association Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mississippi Optometric Association Incorporated's revenue has grown by 52.7%, moving from $493K to $752K. Total assets increased by 127.5% over the same period, from $261K to $594K. Total functional expenses rose by 40.6%, from $498K to $700K. In its most recent filing year (2023), Mississippi Optometric Association Incorporated reported a surplus of $52K, with revenue exceeding expenses. The organization holds $20K in liabilities against $594K in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $574K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $752K | $700K | $594K | $20K | — | — |
| 2022 | $747K | $713K | $527K | $49K | — | View 990 |
| 2021 | $926K | $874K | $518K | $58K | — | View 990 |
| 2020 | $570K | $543K | $381K | $29K | — | — |
| 2019 | $725K | $745K | $310K | $49K | — | View 990 |
| 2018 | $664K | $748K | $247K | $9K | — | View 990 |
| 2017 | $638K | $642K | $232K | $26K | — | View 990 |
| 2016 | $583K | $616K | $235K | $25K | — | View 990 |
| 2015 | $562K | $653K | $264K | $22K | — | View 990 |
| 2014 | $662K | $559K | $353K | $19K | — | View 990 |
| 2013 | $565K | $560K | $249K | $17K | — | View 990 |
| 2012 | $513K | $537K | $238K | $12K | — | View 990 |
| 2011 | $493K | $498K | $261K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $752K, expenses of $700K, and assets of $594K (revenue +0.7% year-over-year).
- 2022: Revenue of $747K, expenses of $713K, and assets of $527K (revenue -19.4% year-over-year).
- 2021: Revenue of $926K, expenses of $874K, and assets of $518K (revenue +62.5% year-over-year).
- 2020: Revenue of $570K, expenses of $543K, and assets of $381K (revenue -21.4% year-over-year).
- 2019: Revenue of $725K, expenses of $745K, and assets of $310K (revenue +9.1% year-over-year).
- 2018: Revenue of $664K, expenses of $748K, and assets of $247K (revenue +4.1% year-over-year).
- 2017: Revenue of $638K, expenses of $642K, and assets of $232K (revenue +9.5% year-over-year).
- 2016: Revenue of $583K, expenses of $616K, and assets of $235K (revenue +3.8% year-over-year).
- 2015: Revenue of $562K, expenses of $653K, and assets of $264K (revenue -15.1% year-over-year).
- 2014: Revenue of $662K, expenses of $559K, and assets of $353K (revenue +17.1% year-over-year).
- 2013: Revenue of $565K, expenses of $560K, and assets of $249K (revenue +10.2% year-over-year).
- 2012: Revenue of $513K, expenses of $537K, and assets of $238K (revenue +4.1% year-over-year).
- 2011: Revenue of $493K, expenses of $498K, and assets of $261K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mississippi Optometric Association Incorporated:
Data Sources and Methodology
This transparency report for Mississippi Optometric Association Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.