Mount Olivet Day Services

Analysis

Mount Olivet Day Services is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Day Services reported income of $577k and spending of $706k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $577k (-68%), an average of -25% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mount Olivet Day Services sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Springfield Housing Unlimited ($577k), Ahepa 371 II Inc ($577k) and Manito Presbyterian Homes Inc ($577k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 93% of the total. Other salaries and wages came to $396k. At year end it held assets of $1.7m against liabilities of $505k, net assets of $1.1m. It reported 19 employees.