Preservation and Enhancement Fund of Mount Olivet Cemetery Inc

Analysis

Preservation and Enhancement Fund of Mount Olivet Cemetery Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Preservation and Enhancement Fund of Mount Olivet Cemetery Inc reported income of $86k and spending of $34k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $86k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Preservation and Enhancement Fund of Mount Olivet Cemetery Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within MD. Charities of a similar size with the same main cause include Black Chamber of Commerce of Greater Kansas City Incorporated ($86k), Niagara Organizing Alliance for Hope ($86k) and Greater Chicago Advanced Manufacturing Partnership NFP ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $211k against liabilities of $0, net assets of $211k.