Mount Olivet Lutheran Church Foundation

Analysis

Mount Olivet Lutheran Church Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 1980, 46 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mount Olivet Lutheran Church Foundation reported income of $3.9m and spending of $943k, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.9m (+168%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 557%. Over the whole period it spent 42% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mount Olivet Lutheran Church Foundation 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 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Rothko Chapel ($3.9m), St Leonards Ministries ($4.0m) and Nashville Anti-Human Trafficking Coalition Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $104k. It paid $170 in professional fundraising fees. At year end it held assets of $28.0m against liabilities of $13.0m, net assets of $15.0m.