Olivet College

Analysis

Olivet College is a registered charity in United States, based in Olivet, MI. It received its IRS tax-exemption ruling in October 1952, 74 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Olivet College reported income of $38.8m and spending of $42.2m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.7m to $38.8m (+8.7%), an average of +2.1% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Olivet College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Vista Charter Public Schools ($38.7m), Trinity Christian Academy ($38.8m) and Prince Georges County Memorial Library System ($38.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.5m (3.6% of expenses). Other salaries and wages came to $10.1m. It paid $201k in professional fundraising fees. At year end it held assets of $64.2m against liabilities of $20.9m, net assets of $43.3m. It reported 574 employees.