Mt Olive Child Care & Learning Center

Analysis

Mt Olive Child Care & Learning Center is a registered charity in United States, based in Budd Lake, NJ. It received its IRS tax-exemption ruling in March 1979, 47 years ago. 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, Mt Olive Child Care & Learning Center reported income of $1.5m and spending of $1.2m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mt Olive Child Care & Learning Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include The Womens Center Inc ($1.5m), BMCC Early Childhood Center ($1.5m) and Habitat for Humanity International Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $127k (11% of expenses). Other salaries and wages came to $642k. At year end it held assets of $1.8m against liabilities of $487k, net assets of $1.3m. It reported 50 employees.