Mount Olivet Careview Home

Analysis

Mount Olivet Careview Home is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 1974, 52 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mount Olivet Careview Home reported income of $26.5m and spending of $26.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.4m to $26.5m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mount Olivet Careview Home sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Argus Community Inc ($26.5m), Morton Comprehensive Health Services Inc ($26.5m) and Bartz-Altadonna Community Health Center ($26.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $499k (1.9% of expenses). Other salaries and wages came to $13.7m. At year end it held assets of $44.8m against liabilities of $28.1m, net assets of $16.7m. It reported 397 employees.