Olmstead Manor

Analysis

Olmstead Manor is a registered charity in United States, based in Ludlow, PA. It received its IRS tax-exemption ruling in October 1974, 52 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, Olmstead Manor reported income of $461k and spending of $942k, spending 204% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $594k to $461k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olmstead Manor sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include All India Mission ($461k), Learning Tree Farm Inc ($461k) and Vocal Point Inc ($461k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $56k (6.0% of expenses). Other salaries and wages came to $249k. At year end it held assets of $6.0m against liabilities of $550k, net assets of $5.5m. It reported 33 employees.