Olive Tree Ministries

Analysis

Olive Tree Ministries is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in December 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Olive Tree Ministries reported income of $4.4m and spending of $3.0m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $4.4m (+86%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olive Tree Ministries sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Veterans Bridge Home Inc ($4.4m), Louisiana Housing Assistance Corporation ($4.4m) and Community Chest Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $290k (9.8% of expenses). Other salaries and wages came to $398k. At year end it held assets of $11.4m against liabilities of $333k, net assets of $11.1m. It reported 11 employees.