Green Olive Tree Inc

Analysis

Green Olive Tree Inc is a registered charity in United States, based in Crozet, VA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Green Olive Tree Inc reported income of $178k and spending of $124k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $158k to $178k (+13%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 20%. 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, Green Olive Tree Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within VA. Charities of a similar size with the same main cause include The San Carlos Parks & Recreation Foundation Inc ($178k), Kapolei Community Development Corporation ($178k) and Lapeer Development Corporation ($178k).

At year end it held assets of $247k against liabilities of $0, net assets of $247k.