Ocular Melanoma Foundation
Ocular Melanoma Foundation shows strong revenue growth and zero executive compensation in its latest filing.
EIN: 200355509 · Washington, DC · Updated: 2026-03-28
Is Ocular Melanoma Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ocular Melanoma Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ocular Melanoma Foundation
Ocular Melanoma Foundation (EIN: 200355509) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $163K and total assets of $350K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocular Melanoma Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocular Melanoma Foundation is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 19.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $778K |
| Total Expenses | $591K |
| Surplus / Deficit | +$187K |
| Total Assets | $301K |
| Net Assets | $301K |
| Operating Margin | 24.0% |
| Months of Reserves | 6.1 months |
Financial Health Grade: A
In 2023, Ocular Melanoma Foundation reported a surplus of $187K with revenue exceeding expenses, holds 6.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Ocular Melanoma Foundation's revenue has grown at a compound annual growth rate (CAGR) of 19.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +334.9% | +124.0% | +165.2% |
| 2022 | -53.6% | +4.0% | -43.0% |
| 2021 | +161.3% | +64.5% | +208.7% |
| 2020 | -10.3% | -1.0% | -9.1% |
| 2019 | -9.9% | -42.7% | +14.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Ocular Melanoma Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Ocular Melanoma Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $187K, with revenue exceeding expenses.
Executive Compensation Analysis
The Ocular Melanoma Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for an organization of its size.
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.
Strengths
The following positive indicators were identified for Ocular Melanoma Foundation:
- Consistent zero officer compensation, maximizing funds for mission.
- Strong revenue growth in the latest filing period (202312) to $777,950.
- Zero liabilities reported in most recent filings, indicating strong financial health.
- Healthy asset base of $300,999 in 202312, providing financial stability.
- Excellent transparency with 14 available IRS 990 filings.
Frequently Asked Questions about Ocular Melanoma Foundation
Is Ocular Melanoma Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ocular Melanoma Foundation (EIN: 200355509) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Ocular Melanoma Foundation spend its money?
Ocular Melanoma Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ocular Melanoma Foundation tax-deductible?
Ocular Melanoma Foundation is registered as a tax-exempt nonprofit (EIN: 200355509). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Ocular Melanoma Foundation a good charity?
Based on its financial data, particularly the consistent zero officer compensation, strong program focus, and recent revenue growth, the Ocular Melanoma Foundation appears to be a very good charity, effectively directing resources to its mission.
How has the Ocular Melanoma Foundation's revenue trended?
The Ocular Melanoma Foundation's revenue has shown significant fluctuation, with a notable peak in 202312 at $777,950, a substantial increase from previous years which typically ranged from $147,446 to $385,342.
What is the Ocular Melanoma Foundation's approach to executive compensation?
The Ocular Melanoma Foundation has a highly efficient approach to executive compensation, reporting 0% officer compensation in all available filings, meaning its leadership serves on a volunteer basis.
Filing History
IRS 990 filing history for Ocular Melanoma Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Ocular Melanoma Foundation's revenue has grown by 863.7%, moving from $81K to $778K. Total assets increased by 249.9% over the same period, from $86K to $301K. Total functional expenses rose by 1082.7%, from $50K to $591K. In its most recent filing year (2023), Ocular Melanoma Foundation reported a surplus of $187K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $778K | $591K | $301K | $0 | — | — |
| 2022 | $179K | $264K | $113K | $0 | — | View 990 |
| 2021 | $385K | $254K | $199K | $429 | — | View 990 |
| 2020 | $147K | $154K | $64K | $0 | — | View 990 |
| 2019 | $164K | $156K | $71K | $327 | — | View 990 |
| 2018 | $183K | $272K | $62K | $42 | — | View 990 |
| 2017 | $239K | $167K | $152K | $0 | — | View 990 |
| 2016 | $199K | $201K | $79K | $0 | — | View 990 |
| 2015 | $197K | $208K | $82K | $0 | — | View 990 |
| 2014 | $161K | $164K | $92K | $0 | — | View 990 |
| 2013 | $96K | $106K | $96K | $0 | — | View 990 |
| 2012 | $52K | $98K | $106K | $0 | — | View 990 |
| 2011 | $79K | $12K | $153K | $0 | — | View 990 |
| 2010 | $81K | $50K | $86K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $778K, expenses of $591K, and assets of $301K (revenue +334.9% year-over-year).
- 2022: Revenue of $179K, expenses of $264K, and assets of $113K (revenue -53.6% year-over-year).
- 2021: Revenue of $385K, expenses of $254K, and assets of $199K (revenue +161.3% year-over-year).
- 2020: Revenue of $147K, expenses of $154K, and assets of $64K (revenue -10.3% year-over-year).
- 2019: Revenue of $164K, expenses of $156K, and assets of $71K (revenue -9.9% year-over-year).
- 2018: Revenue of $183K, expenses of $272K, and assets of $62K (revenue -23.8% year-over-year).
- 2017: Revenue of $239K, expenses of $167K, and assets of $152K (revenue +20.6% year-over-year).
- 2016: Revenue of $199K, expenses of $201K, and assets of $79K (revenue +0.9% year-over-year).
- 2015: Revenue of $197K, expenses of $208K, and assets of $82K (revenue +22.6% year-over-year).
- 2014: Revenue of $161K, expenses of $164K, and assets of $92K (revenue +66.7% year-over-year).
- 2013: Revenue of $96K, expenses of $106K, and assets of $96K (revenue +86.7% year-over-year).
- 2012: Revenue of $52K, expenses of $98K, and assets of $106K (revenue -34.7% year-over-year).
- 2011: Revenue of $79K, expenses of $12K, and assets of $153K (revenue -2.1% year-over-year).
- 2010: Revenue of $81K, expenses of $50K, and assets of $86K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocular Melanoma Foundation:
Data Sources and Methodology
This transparency report for Ocular Melanoma Foundation 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.