Frank and Theresa Oliver Academy for Education

Analysis

Frank and Theresa Oliver Academy for Education is a registered charity in United States, based in Palm Desert, CA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Frank and Theresa Oliver Academy for Education reported income of $1.1m and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.1m (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Frank and Theresa Oliver Academy for Education sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Friends of Allied Non-Profits ($1.1m), Center for a Healthy Maryland Inc ($1.1m) and North Tyler Day Nursery Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $125k (11% of expenses). Other salaries and wages came to $330k. At year end it held assets of $36k against liabilities of $0, net assets of $36k. It reported 40 employees.