Olivetan Benedictine Sisters of Busan Inc

Analysis

Olivetan Benedictine Sisters of Busan Inc is a registered charity in United States, based in Harbor City, CA. It received its IRS tax-exemption ruling in May 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 (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, Olivetan Benedictine Sisters of Busan Inc reported income of $71k and spending of $48k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $71k (+9.4%), an average of +2.3% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Olivetan Benedictine Sisters of Busan Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include RTR Ministries Inc ($71k), Gods Great Outdoors Inc ($71k) and Hope Community of Shalom Inc ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $24k. At year end it held assets of $88k against liabilities of $25, net assets of $88k. It reported 2 employees.