Olive First Aid Unit Inc

Analysis

Olive First Aid Unit Inc is a registered charity in United States, based in Shokan, NY. It received its IRS tax-exemption ruling in May 1975, 51 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Olive First Aid Unit Inc reported income of $566k and spending of $643k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $437k to $566k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Olive First Aid Unit Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Dementia Together ($565k), Task Force on Violent Crime Charitable Fund ($566k) and Cardiac Therapy Foundation of the Midpeninsula ($565k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $14k (2.2% of expenses). Other salaries and wages came to $386k. At year end it held assets of $737k against liabilities of $4,779, net assets of $732k. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.