Mount Olive Baptist Church of Plainfield

Analysis

Mount Olive Baptist Church of Plainfield is a registered charity in United States, based in Plainfield, NJ. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mount Olive Baptist Church of Plainfield reported income of $308k and spending of $355k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $335k to $308k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mount Olive Baptist Church of Plainfield sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 68th percentile within NJ. Charities of a similar size with the same main cause include Kollel of Young Israel ($308k), Awesome Marriage Inc ($308k) and Old Catholic and Traditional Church Diocese of St Ignatious of Antioch ($308k).

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 $93k. At year end it held assets of $1.6m against liabilities of $329k, net assets of $1.3m. It reported 4 employees.