Ophthalmic Consultants of Boston Inc Health Welfare & Benefits Plan
Only null% goes to programs Growing revenue
Ophthalmic Consultants of Boston Inc Health Welfare & Benefits Plan is a 501(c)(9) organization based in Waltham, Massachusetts, registered in 2006, with $10,494,403 in FY2024 revenue. CharityIndex grades it B.
195 West St, Waltham, MA, 02451 EIN 61-1433916 Since 2006
Revenue (FY2024)
$10.5M
▲ 1.1% vs prior year
Membership median: $185K
Expenses (FY2024)
$10.8M
Net assets
$4.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Ophthalmic Consultants of Boston Inc Health Welfare & Benefits Plan— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating5 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ophthalmic Consultants of Boston Inc Health Welfare & Benefits Plan: 5 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Ophthalmic Consultants of Boston Inc Health Welfare & Benefits Plan— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ophthalmic Consultants of Boston Inc Health Welfare & Benefits Plan: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 195 West St, Waltham, MA, 02451
- City
- Waltham
- State
- Massachusetts
- Category
- Mutual & Membership Benefit
- Subcategory
- Fraternal Societies
- Website
- …
Financial trends
Revenue grew from $4.2M (FY2013) to $10.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $754KNet assets $4.8M
Operating margin
-2.6%
Spent more than it raised in the latest fiscal year.
Total assets
$5.5M
Total liabilities
$754K
Net assets
$4.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $10,494,403▲1.1% | $10,770,416▲8.2% | $4,779,827▲12.1% | $5,533,719▲9.1% | 990 |
| 2023 | $10,375,222▼0.5% | $9,952,537▲5.6% | $4,262,527▲11.0% | $5,074,004▲6.5% | 990 |
| 2022 | $10,431,210▲17.5% | $9,427,937▲12.9% | $3,839,842▲35.4% | $4,763,411▲22.0% | 990 |
| 2021 | $8,877,921▲17.8% | $8,347,786▲39.3% | $2,836,569▲23.0% | $3,903,465▲34.4% | 990 |
| 2020 | $7,537,343▲19.0% | $5,991,824▼23.7% | $2,306,434▲203% | $2,903,311▲43.9% | 990 |
| 2019 | $6,336,448▲108% | $7,848,646▲31.8% | $760,915▼66.5% | $2,016,954▼32.9% | 990 |
| 2018 | $3,043,123▼47.8% | $5,955,979▲9.0% | $2,273,113▼56.2% | $3,004,056▼45.8% | 990 |
| 2017 | $5,831,423▲4.6% | $5,465,620▲16.9% | $5,185,969▲7.6% | $5,546,603▲8.0% | 990 |
| 2016 | $5,573,559▲14.9% | $4,676,902▼12.3% | $4,820,166▲22.9% | $5,134,443▲23.2% | 990 |
| 2015 | $4,849,483▲4.7% | $5,331,691▲15.5% | $3,923,509▼10.9% | $4,167,008▼12.5% | 990 |
| 2014 | $4,630,233▲10.1% | $4,616,688▲14.5% | $4,405,717▲0.3% | $4,763,608▲1.1% | 990 |
| 2013 | $4,205,762 | $4,033,013▼5.2% | $4,392,172▲4.1% | $4,713,207▲4.3% | 990 |
| 2012 | — | $4,255,894▲5.0% | $4,219,423▲8.3% | $4,520,403▲3.1% | 990 |
| 2011 | — | $4,051,922▲20.7% | $3,896,849▲11.8% | $4,385,555▲17.7% | 990 |
| 2010 | — | $3,358,168 | $3,485,140 | $3,725,641 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $174K total
5 grants to Ophthalmic Consultants of Boston Inc Health Welfare & Benefits Plan totaling $174K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Johns Hopkins University | Sub-award | 2020 | $91,220 |
| Johns Hopkins University | Sub-award | 2019 | $39,148 |
| Johns Hopkins University | Sub-award | 2018 | $12,450 |
| Johns Hopkins University | Research sponsored sub-award | 2016 | $26,374 |
| Johns Hopkins University | Research sponsored - sub-award | 2015 | $5,120 |
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Frequently asked questions
- Is Ophthalmic Consultants of Boston Inc Health Welfare & Benefits Plan a legitimate nonprofit?
- Yes. Ophthalmic Consultants of Boston Inc Health Welfare & Benefits Plan is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 61-1433916, based in Waltham, Massachusetts.
- What is Ophthalmic Consultants of Boston Inc Health Welfare & Benefits Plan's EIN?
- Ophthalmic Consultants of Boston Inc Health Welfare & Benefits Plan's Employer Identification Number (EIN) is 61-1433916.
- How much revenue does Ophthalmic Consultants of Boston Inc Health Welfare & Benefits Plan report?
- Ophthalmic Consultants of Boston Inc Health Welfare & Benefits Plan reported $10,494,403 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Ophthalmic Consultants of Boston Inc Health Welfare & Benefits Plan have?
- CharityIndex grades Ophthalmic Consultants of Boston Inc Health Welfare & Benefits Plan B, based on financial health (reserves and operating margin).
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Data for Ophthalmic Consultants of Boston Inc Health Welfare & Benefits Plan (EIN 61-1433916) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.