Olivet Nazarene University Foundation

Analysis

Olivet Nazarene University Foundation is a registered charity in United States, based in Bourbonnais, IL. It received its IRS tax-exemption ruling in March 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Olivet Nazarene University Foundation reported income of $8.2m and spending of $6.1m, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.1m to $8.2m (+16%), an average of +5.2% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Olivet Nazarene University Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Grand Peak Academy ($8.2m), The Academy Inc ($8.2m) and Dallas College Foundation Inc ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% of the total. Other salaries and wages came to $9,111. At year end it held assets of $193.0m against liabilities of $134.1m, net assets of $58.9m.