Olympia Center Inc

Analysis

Olympia Center Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Olympia Center Inc reported income of $344k and spending of $388k, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.0m to $344k (-83%), an average of -36% a year. The sharpest change came in the year to September 2022, when income dropped by 68%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Olympia Center Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Iaf Northwest ($344k), Virginia Park Community Investment Associates Inc ($344k) and Strawberry Mansion Community Development Corporation Inc ($344k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $50k (13% of expenses). Other salaries and wages came to $79k. At year end it held assets of $479k against liabilities of $507k, net assets of -$28k. It reported 7 employees.