The University of Mount Olive Foundaiton

Analysis

The University of Mount Olive Foundaiton is a registered charity in United States, based in Mount Olive, NC. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The University of Mount Olive Foundaiton reported income of $949k and spending of $895k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $887k to $949k (+6.9%), an average of +1.7% a year. The sharpest change came in the year to June 2022, when income rose by 496760%. Over the whole period it spent 132% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The University of Mount Olive Foundaiton sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Timothy Ministry Inc ($949k), Mississippi Valley School Tuitionorganization Inc ($949k) and Hands & Voices Inc ($949k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $8.8m against liabilities of $11.9m, net assets of -$3.2m.