Mount Olives Church of God Inc

Analysis

Mount Olives Church of God Inc is a registered charity in United States, based in Orange, NJ. It received its IRS tax-exemption ruling in April 1981, 45 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mount Olives Church of God Inc reported income of $1.1m and spending of $939k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $803k to $1.1m (+32%), an average of +7.2% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Olives Church of God Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Catskill Public Library ($1.1m), Disabled and Alone Life Services for the Handicapped Inc ($1.1m) and Texas Elks Endowment Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (8.5% of expenses). Other salaries and wages came to $47k. At year end it held assets of $7.7m against liabilities of $0, net assets of $7.7m.