Mount Olive Child Development Center Incorporated

Analysis

Mount Olive Child Development Center Incorporated is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in July 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Mount Olive Child Development Center Incorporated reported income of $3.8m and spending of $3.0m, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.6m to $3.8m (+7.3%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mount Olive Child Development Center Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include End Hunger in Calvert County Inc ($3.8m), Interior Alaska Center for Non- Violent Living ($3.8m) and St Marys Child Center Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 28% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $5.5m against liabilities of $2.0m, net assets of $3.5m. It reported 70 employees.