Mount Olive Lutheran Church Foundation

Analysis

Mount Olive Lutheran Church Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 1972, 54 years ago. 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 December 2023, Mount Olive Lutheran Church Foundation reported income of $100k and spending of $81k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $75k to $100k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2020, when income rose by 112%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Olive Lutheran Church Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within MN. Charities of a similar size with the same main cause include Kiwanis Club of Los Rancheros Foundation ($100k), Hampton Athletic Associaiton Inc ($100k) and Lac Qui Parle County Historical Society ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.