Olmsted Gardens Inc

Analysis

Olmsted Gardens Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Olmsted Gardens Inc reported income of $784k and spending of $844k, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $675k to $784k (+16%), an average of +3.8% a year. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Olmsted Gardens Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Marin Village ($783k), Massachusetts Aging Access Association Inc ($784k) and New Life for Girls Inc ($783k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $128k. At year end it held assets of $3.1m against liabilities of $108k, net assets of $3.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.