Olive Branch Ministries Inc

Analysis

Olive Branch Ministries Inc is a registered charity in United States, based in Corbin, KY. It received its IRS tax-exemption ruling in February 2016, 10 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 Branch Ministries Inc reported income of $76k and spending of $82k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $117k to $76k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Olive Branch Ministries Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within KY. Charities of a similar size with the same main cause include South Dakota Sportsmen Against Hunger ($76k), American Montessori Education Development Association ($76k) and Bristol Community Homes Inc ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $119k against liabilities of $0, net assets of $119k.