Mount Olivet Rolling Acres Inc

Analysis

Mount Olivet Rolling Acres Inc is a registered charity in United States, based in Victoria, MN. It received its IRS tax-exemption ruling in April 1967, 59 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 Rolling Acres Inc reported income of $44.1m and spending of $45.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $35.3m to $44.1m (+25%), an average of +5.7% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mount Olivet Rolling Acres Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Hernando-Pasco Hospice Inc ($44.1m), Aabr Inc ($44.1m) and Westminster Canterbury of the Blue Ridge ($44.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $331k (0.7% of expenses). Other salaries and wages came to $18.5m. At year end it held assets of $16.9m against liabilities of $9.4m, net assets of $7.5m. It reported 580 employees.