Olney Christian Community Center Inc

Analysis

Olney Christian Community Center Inc is a registered charity in United States, based in Olney, TX. It received its IRS tax-exemption ruling in October 2014, 12 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 December 2023, Olney Christian Community Center Inc reported income of $197k and spending of $266k, spending 135% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $219k to $197k (-10%), an average of -3.5% a year. The sharpest change came in the year to December 2021, when income dropped by 30%. Over the whole period it spent 134% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Olney Christian Community Center Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Charlotte Fellows Program ($197k), American Friends of Eu Jewish Activities ($197k) and Agudas Nshei Ubnos Chabad Lubavitch Womens Organization Inc ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $52k (20% of expenses). Other salaries and wages came to $69k. At year end it held assets of $1.2m against liabilities of $2,238, net assets of $1.2m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.