Olive in July Inc

Analysis

Olive in July Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Olive in July Inc reported income of $120k and spending of $111k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $120k (+114%), an average of +114% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Olive in July Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Mercy4myneighbor ($120k), Lincoln House Outreach Inc ($120k) and Ipswich Tiger Post Community Education Center Incorporated ($120k).

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 $12k against liabilities of $8,000, net assets of $4,464.