New Orleans Academy Of Ophthalmology Inc
EIN: 582080242 · New Orleans, LA · NTEE: A20Z
| Metric | Value |
|---|---|
| Total Revenue | $345K |
| Total Expenses | $294K |
| Net Assets | $808K |
Is New Orleans Academy Of Ophthalmology Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Orleans Academy Of Ophthalmology Inc
New Orleans Academy Of Ophthalmology Inc (EIN: 582080242) is a nonprofit organization based in New Orleans, LA, classified under NTEE code A20Z. The organization reported total revenue of $345K and total assets of $865K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Orleans Academy Of Ophthalmology Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Orleans Academy Of Ophthalmology Inc is a small nonprofit that has been operating for 32 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $257K |
| Total Expenses | $294K |
| Surplus / Deficit | $-36,689 |
| Total Assets | $822K |
| Total Liabilities | $14K |
| Net Assets | $808K |
| Operating Margin | -14.3% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 33.6 months |
Financial Health Grade: B
In 2023, New Orleans Academy Of Ophthalmology Inc reported a deficit of $37K with expenses exceeding revenue, holds 33.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), New Orleans Academy Of Ophthalmology Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.9% | -3.6% | -3.4% |
| 2022 | -12.1% | -7.4% | -2.3% |
| 2021 | +22.7% | +14.6% | +1.2% |
| 2020 | -24.0% | +3.6% | -4.5% |
| 2019 | +28.0% | -1.3% | +7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Orleans Academy Of Ophthalmology Inc 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 New Orleans Academy Of Ophthalmology Inc 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 deficit of $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.7%.
Frequently Asked Questions about New Orleans Academy Of Ophthalmology Inc
Is New Orleans Academy Of Ophthalmology Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Orleans Academy Of Ophthalmology Inc (EIN: 582080242) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Orleans Academy Of Ophthalmology Inc spend its money?
Detailed spending breakdown data is not yet available for New Orleans Academy Of Ophthalmology Inc. Check back for updated IRS 990 analysis.
Are donations to New Orleans Academy Of Ophthalmology Inc tax-deductible?
New Orleans Academy Of Ophthalmology Inc is registered as a tax-exempt nonprofit (EIN: 582080242). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Orleans Academy Of Ophthalmology Inc located?
New Orleans Academy Of Ophthalmology Inc is headquartered in New Orleans, Louisiana and files with the IRS under EIN 582080242. It is classified under NTEE code A20Z.
How many years of IRS 990 filings does New Orleans Academy Of Ophthalmology Inc have?
New Orleans Academy Of Ophthalmology Inc has 12 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 $345K in total revenue.
Filing History
IRS 990 filing history for New Orleans Academy Of Ophthalmology Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), New Orleans Academy Of Ophthalmology Inc's revenue has declined by 6.1%, moving from $274K to $257K. Total assets increased by 35.4% over the same period, from $607K to $822K. Total functional expenses rose by 9.8%, from $268K to $294K. In its most recent filing year (2023), New Orleans Academy Of Ophthalmology Inc reported a deficit of $37K, with expenses exceeding revenue. The organization holds $14K in liabilities against $822K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $808K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $257K | $294K | $822K | $14K | — | — |
| 2022 | $282K | $305K | $850K | $6K | — | View 990 |
| 2021 | $321K | $329K | $871K | $3K | — | — |
| 2020 | $262K | $288K | $860K | $6K | — | — |
| 2019 | $344K | $278K | $901K | $7K | — | View 990 |
| 2018 | $269K | $281K | $835K | $7K | — | View 990 |
| 2017 | $360K | $288K | $844K | $4K | — | View 990 |
| 2016 | $267K | $262K | $772K | $5K | — | View 990 |
| 2015 | $317K | $260K | $767K | $5K | — | View 990 |
| 2014 | $295K | $273K | $711K | $6K | — | View 990 |
| 2013 | $337K | $257K | $687K | $4K | — | View 990 |
| 2012 | $274K | $268K | $607K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $257K, expenses of $294K, and assets of $822K (revenue -8.9% year-over-year).
- 2022: Revenue of $282K, expenses of $305K, and assets of $850K (revenue -12.1% year-over-year).
- 2021: Revenue of $321K, expenses of $329K, and assets of $871K (revenue +22.7% year-over-year).
- 2020: Revenue of $262K, expenses of $288K, and assets of $860K (revenue -24.0% year-over-year).
- 2019: Revenue of $344K, expenses of $278K, and assets of $901K (revenue +28.0% year-over-year).
- 2018: Revenue of $269K, expenses of $281K, and assets of $835K (revenue -25.3% year-over-year).
- 2017: Revenue of $360K, expenses of $288K, and assets of $844K (revenue +34.8% year-over-year).
- 2016: Revenue of $267K, expenses of $262K, and assets of $772K (revenue -15.8% year-over-year).
- 2015: Revenue of $317K, expenses of $260K, and assets of $767K (revenue +7.2% year-over-year).
- 2014: Revenue of $295K, expenses of $273K, and assets of $711K (revenue -12.3% year-over-year).
- 2013: Revenue of $337K, expenses of $257K, and assets of $687K (revenue +23.0% year-over-year).
- 2012: Revenue of $274K, expenses of $268K, and assets of $607K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Orleans Academy Of Ophthalmology Inc:
Data Sources and Methodology
This transparency report for New Orleans Academy Of Ophthalmology Inc 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.