Mt Olive Academic Foundation

Analysis

Mt Olive Academic Foundation is a registered charity in United States, based in Mt Olive, IL. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Mt Olive Academic Foundation reported income of $60k and spending of $101k, spending 168% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $70k to $60k (-13%), an average of -13% a year. Over the whole period it spent 130% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mt Olive Academic Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within IL. Charities of a similar size with the same main cause include Gospel Ministries for the Deaf ($60k), The Grey Foundation Americas Inc ($60k) and Mystic Mountain Training Center ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $317k against liabilities of $0, net assets of $317k.