Olivet University

Analysis

Olivet University is a registered charity in United States, based in Anza, CA. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Olivet University reported income of $14.6m and spending of $14.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $30.6m to $14.6m (-52%), an average of -17% a year. The sharpest change came in the year to June 2022, when income dropped by 32%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Olivet University sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Asheville Christian Academy Inc ($14.6m), Horizon Science Academy of Lorain ($14.6m) and Pee Dee Medical & Health Sciences Education Consortium ($14.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $105k (0.7% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $85.0m against liabilities of $23.9m, net assets of $61.1m. It reported 120 employees.