Olmsted Community Center

Analysis

Olmsted Community Center is a registered charity in United States, based in Olmsted Falls, OH. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Olmsted Community Center reported income of $601k and spending of $507k, spending 84% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $675k to $601k (-11%), an average of -3.8% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Olmsted Community Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Choose to Invest Inc ($600k), Boys & Girls Club of Ukiah ($601k) and Rivera Memorial Foundation Inc ($600k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $64k (13% of expenses). Other salaries and wages came to $236k. At year end it held assets of $1.1m against liabilities of $83k, net assets of $1.1m. It reported 38 employees.