Olivias Gift Inc

Analysis

Olivias Gift Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Olivias Gift Inc reported income of $181k and spending of $142k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $181k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Olivias Gift Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within MI. Charities of a similar size with the same main cause include The Optimist Foundation of Greater Goulds Florida Inc ($181k), Clarksville Association of Realtors Spreading Our Support Foundation ($181k) and Rhodes Charitable Trust ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 49% of the total. At year end it held assets of $1.6m against liabilities of $90k, net assets of $1.5m.