New England Ophthalmological Society Inc 85 Central St
New England Ophthalmological Society: Stable Finances, Low Program Spending
EIN: 222852977 · Waltham, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $594K |
| Program Spending | 47% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $2.5M |
| Transparency Score | 65/100 |
Is New England Ophthalmological Society Inc 85 Central St Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New England Ophthalmological Society Inc 85 Central St directs 47% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About New England Ophthalmological Society Inc 85 Central St
New England Ophthalmological Society Inc 85 Central St (EIN: 222852977) is a nonprofit organization based in Waltham, MA. The organization reported total revenue of $1.1M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New England Ophthalmological Society Inc 85 Central St's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New England Ophthalmological Society Inc 85 Central St is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $525K |
| Total Expenses | $594K |
| Surplus / Deficit | $-68,742 |
| Total Assets | $2.7M |
| Total Liabilities | $131K |
| Net Assets | $2.5M |
| Operating Margin | -13.1% |
| Debt-to-Asset Ratio | 4.9% |
| Months of Reserves | 53.9 months |
Financial Health Grade: B
In 2023, New England Ophthalmological Society Inc 85 Central St reported a deficit of $69K with expenses exceeding revenue, holds 53.9 months of operating reserves (strong position), has a debt-to-asset ratio of 4.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New England Ophthalmological Society Inc 85 Central St's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.5% | +14.3% | +4.6% |
| 2022 | +51.7% | +102.4% | -4.2% |
| 2021 | -58.7% | -31.3% | +24.1% |
| 2020 | +56.4% | -40.1% | +58.9% |
| 2019 | +12.9% | -0.7% | +5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New England Ophthalmological Society Inc 85 Central St with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 47%
- fundraising: 23%
According to IRS 990 filings, New England Ophthalmological Society Inc 85 Central St allocates its expenses as follows: admin: 30%, programs: 47%, fundraising: 23%. Only 47% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $69K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.9%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or very lean administrative structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New England Ophthalmological Society Inc 85 Central St's IRS 990 filings:
- Program spending consistently below 50% of total expenses, with 47% in 2023, raises questions about direct impact.
- Lack of detailed program descriptions in the provided data makes it challenging to evaluate the effectiveness of their mission.
Strengths
The following positive indicators were identified for New England Ophthalmological Society Inc 85 Central St:
- Consistent asset growth from $1,065,403 in 2016 to $3,271,493 in 2023 demonstrates strong financial stewardship.
- Low administrative and fundraising costs, totaling 53% of expenses in 2023, indicate efficient operations.
- The organization consistently reports $0 in executive compensation, suggesting a commitment to minimizing overhead.
Frequently Asked Questions about New England Ophthalmological Society Inc 85 Central St
Is New England Ophthalmological Society Inc 85 Central St a legitimate charity?
Based on AI analysis of IRS 990 filings, New England Ophthalmological Society Inc 85 Central St (EIN: 222852977) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does New England Ophthalmological Society Inc 85 Central St spend its money?
New England Ophthalmological Society Inc 85 Central St directs 47% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New England Ophthalmological Society Inc 85 Central St tax-deductible?
New England Ophthalmological Society Inc 85 Central St is registered as a tax-exempt nonprofit (EIN: 222852977). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New England Ophthalmological Society Inc 85 Central St CEO make?
New England Ophthalmological Society Inc 85 Central St's highest-compensated officer earns $0 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New England Ophthalmological Society Inc 85 Central St's spending goes to programs?
New England Ophthalmological Society Inc 85 Central St directs 47% to programs, 23% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is New England Ophthalmological Society Inc 85 Central St located?
New England Ophthalmological Society Inc 85 Central St is headquartered in Waltham, Massachusetts and files with the IRS under EIN 222852977.
How many years of IRS 990 filings does New England Ophthalmological Society Inc 85 Central St have?
New England Ophthalmological Society Inc 85 Central St 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 $1.1M in total revenue.
What does New England Ophthalmological Society Inc 85 Central St do?
New England Ophthalmological Society Inc 85 Central St is a nonprofit organization in the Unknown sector, located in Waltham, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does New England Ophthalmological Society Inc 85 Central St have?
New England Ophthalmological Society Inc 85 Central St reported total revenue of $1,104,836. Based on 13 IRS 990 filings on record.
What are New England Ophthalmological Society Inc 85 Central St's total assets?
New England Ophthalmological Society Inc 85 Central St holds total assets of $3,271,493 as reported in IRS 990 filings.
Where is New England Ophthalmological Society Inc 85 Central St located?
New England Ophthalmological Society Inc 85 Central St is based in Waltham, Massachusetts.
What is New England Ophthalmological Society Inc 85 Central St's EIN?
New England Ophthalmological Society Inc 85 Central St's Employer Identification Number (EIN) is 222852977. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New England Ophthalmological Society Inc 85 Central St?
New England Ophthalmological Society Inc 85 Central St is classified under NTEE code Unknown (Unknown).
Is New England Ophthalmological Society Inc 85 Central St a registered 501(c)(3)?
New England Ophthalmological Society Inc 85 Central St appears in IRS records (EIN: 222852977). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New England Ophthalmological Society Inc 85 Central St file IRS Form 990?
Yes, New England Ophthalmological Society Inc 85 Central St has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was New England Ophthalmological Society Inc 85 Central St's revenue in 2023?
In the 202306 filing period, New England Ophthalmological Society Inc 85 Central St reported total revenue of $525,035, total expenses of $593,777, and net assets of $2,666,811.
Is New England Ophthalmological Society Inc 85 Central St's revenue growing or declining?
New England Ophthalmological Society Inc 85 Central St's revenue is declining. Revenue went from $734,747 (202206) to $525,035 (202306), a -28.5% change. Based on 13 filings on record.
What is New England Ophthalmological Society Inc 85 Central St's most recent 990 filing?
The most recent IRS Form 990 filing for New England Ophthalmological Society Inc 85 Central St covers tax period 202306. It shows revenue of $525,035, expenses of $593,777, total assets of $2,666,811, and liabilities of $130,935.
How much does New England Ophthalmological Society Inc 85 Central St spend on programs vs administration?
Based on IRS 990 analysis, New England Ophthalmological Society Inc 85 Central St allocates approximately 47% of expenses to program services, 30% to administrative costs, and 23% to fundraising. Overhead costs appear high relative to program spending.
Is New England Ophthalmological Society Inc 85 Central St a trustworthy charity?
Based on AI analysis of IRS 990 data, New England Ophthalmological Society Inc 85 Central St shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for New England Ophthalmological Society Inc 85 Central St?
The following concerns were identified: Program spending consistently below 50% of total expenses, with 47% in 2023, raises questions about direct impact.. Lack of detailed program descriptions in the provided data makes it challenging to evaluate the effectiveness of their mission.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New England Ophthalmological Society Inc 85 Central St's strengths?
Positive indicators for New England Ophthalmological Society Inc 85 Central St include: Consistent asset growth from $1,065,403 in 2016 to $3,271,493 in 2023 demonstrates strong financial stewardship.. Low administrative and fundraising costs, totaling 53% of expenses in 2023, indicate efficient operations.. The organization consistently reports $0 in executive compensation, suggesting a commitment to minimizing overhead.. These findings are derived from AI analysis of the organization's financial filings.
How does New England Ophthalmological Society Inc 85 Central St compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or very lean administrative structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 executive compensation, how does the organization manage its operations and leadership?
The consistent reporting of $0 for executive compensation suggests that the organization may be primarily volunteer-run, or that key leadership roles are filled by individuals who are not compensated through the organization's direct payroll, potentially through affiliated institutions or pro bono work.
What specific programs or initiatives are supported by the reported program service expenses?
Based on the provided data, specific details regarding the programs or initiatives supported by the program service expenses are not available. Further investigation into their public disclosures or website would be necessary to understand their programmatic activities.
Filing History
IRS 990 filing history for New England Ophthalmological Society Inc 85 Central St showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New England Ophthalmological Society Inc 85 Central St's revenue has grown by 5.8%, moving from $496K to $525K. Total assets increased by 339.2% over the same period, from $607K to $2.7M. Total functional expenses rose by 18.6%, from $501K to $594K. In its most recent filing year (2023), New England Ophthalmological Society Inc 85 Central St reported a deficit of $69K, with expenses exceeding revenue. The organization holds $131K in liabilities against $2.7M in assets (debt-to-asset ratio: 4.9%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $525K | $594K | $2.7M | $131K | — | — |
| 2022 | $735K | $519K | $2.5M | $79K | — | View 990 |
| 2021 | $484K | $257K | $2.7M | $24K | — | View 990 |
| 2020 | $1.2M | $374K | $2.1M | $38K | — | — |
| 2019 | $749K | $624K | $1.3M | $109K | — | View 990 |
| 2018 | $663K | $628K | $1.3M | $117K | — | View 990 |
| 2017 | $608K | $570K | $1.2M | $106K | — | View 990 |
| 2016 | $728K | $552K | $1.1M | $91K | — | View 990 |
| 2015 | $793K | $548K | $963K | $98K | — | View 990 |
| 2014 | $543K | $561K | $791K | $77K | — | View 990 |
| 2013 | $650K | $495K | $736K | $38K | — | View 990 |
| 2012 | $539K | $532K | $588K | $68K | — | View 990 |
| 2011 | $496K | $501K | $607K | $80K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $525K, expenses of $594K, and assets of $2.7M (revenue -28.5% year-over-year).
- 2022: Revenue of $735K, expenses of $519K, and assets of $2.5M (revenue +51.7% year-over-year).
- 2021: Revenue of $484K, expenses of $257K, and assets of $2.7M (revenue -58.7% year-over-year).
- 2020: Revenue of $1.2M, expenses of $374K, and assets of $2.1M (revenue +56.4% year-over-year).
- 2019: Revenue of $749K, expenses of $624K, and assets of $1.3M (revenue +12.9% year-over-year).
- 2018: Revenue of $663K, expenses of $628K, and assets of $1.3M (revenue +9.2% year-over-year).
- 2017: Revenue of $608K, expenses of $570K, and assets of $1.2M (revenue -16.5% year-over-year).
- 2016: Revenue of $728K, expenses of $552K, and assets of $1.1M (revenue -8.2% year-over-year).
- 2015: Revenue of $793K, expenses of $548K, and assets of $963K (revenue +45.9% year-over-year).
- 2014: Revenue of $543K, expenses of $561K, and assets of $791K (revenue -16.4% year-over-year).
- 2013: Revenue of $650K, expenses of $495K, and assets of $736K (revenue +20.7% year-over-year).
- 2012: Revenue of $539K, expenses of $532K, and assets of $588K (revenue +8.6% year-over-year).
- 2011: Revenue of $496K, expenses of $501K, and assets of $607K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New England Ophthalmological Society Inc 85 Central St:
Data Sources and Methodology
This transparency report for New England Ophthalmological Society Inc 85 Central St 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.