Mount Olivet Home

Analysis

Mount Olivet 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 human services, which this site groups under poverty relief. 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 Home reported income of $12.5m and spending of $11.1m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.8m to $12.5m (+28%), an average of +6.3% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mount Olivet Home sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Community Human Services Corporation ($12.5m), Hope Villages of America Inc ($12.5m) and Southeastern North Dakota Community Action Agency ($12.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 93% of the total. Other salaries and wages came to $6.1m. At year end it held assets of $16.1m against liabilities of $2.0m, net assets of $14.1m. It reported 195 employees.