Olin Day Care Inc

Analysis

Olin Day Care Inc is a registered charity in United States, based in Olin, IA. It received its IRS tax-exemption ruling in June 1996, 30 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 June 2024, Olin Day Care Inc reported income of $416k and spending of $376k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $306k to $416k (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2024, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Olin Day Care Inc 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 67th percentile, and in the 70th percentile within IA. Charities of a similar size with the same main cause include Jesus House Odessa ($416k), Faces and Voices of Recovery Tri-County Inc ($416k) and Point Clarity Services Inc ($415k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $42k (11% of expenses). Other salaries and wages came to $228k. At year end it held assets of $277k against liabilities of $63k, net assets of $214k. It reported 24 employees.