Olympic Media

Analysis

Olympic Media is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Olympic Media reported income of $86k and spending of $111k, spending 130% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $92k to $86k (-6.6%), an average of -3.3% a year. Over the whole period it spent 116% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Olympic Media sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 28th percentile within WA. Charities of a similar size with the same main cause include El Pabellon Del Jubileo ($85k), Rising Star Ministries Inc ($86k) and Society of St Vincent de Paul - St Lucie Conference ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $111k against liabilities of $0, net assets of $111k.

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.