World Olivet Assembly Inc

Analysis

World Olivet Assembly Inc is a registered charity in United States, based in Dover Plains, NY. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 January 2023, World Olivet Assembly Inc reported income of $17.2m and spending of $14.5m, spending 84% of its income. Across the 4 years on record, from January 2020 to January 2023, income fell from $17.7m to $17.2m (-2.8%), an average of -0.9% a year. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, World Olivet Assembly Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Agate Housing and Services Inc ($17.1m), Allgemeine Anthroposophische ($17.4m) and South Carolina Christian Foundation ($17.0m).

On its Form 990 for the period ending January 2023, revenue came from contributions and grants 90% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $75k (0.5% of expenses). At year end it held assets of $91.6m against liabilities of $42.1m, net assets of $49.5m. It reported 21 employees.