Olmsted Network Inc

Analysis

Olmsted Network Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1981, 45 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Network Inc reported income of $663k and spending of $575k, spending 87% of its income. Across the 5 years on record, from June 2020 to December 2023, income fell from $671k to $663k (-1.2%), an average of -0.3% a year. The sharpest change came in the year to June 2021, when income rose by 65%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Olmsted Network Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 48th percentile within DC. Charities of a similar size with the same main cause include Seattle Select Baseball Club ($663k), Cal Tri Events ($663k) and Lancaster County Youth Amateur Hockey League ($663k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $65k (11% of expenses). Other salaries and wages came to $289k. At year end it held assets of $1.3m against liabilities of $17k, net assets of $1.3m. It reported 4 employees.