Olivet Medical Ministry Inc

Analysis

Olivet Medical Ministry Inc is a registered charity in United States, based in Yorktown, VA. It received its IRS tax-exemption ruling in January 1998, 28 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 June 2024, Olivet Medical Ministry Inc reported income of $10.4m and spending of $10.6m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $9.4m to $10.4m (+11%), an average of +2.7% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Olivet Medical Ministry Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Highland County Community Action Organization ($10.4m), Wichita Falls Area Food Bank ($10.4m) and Growthways Inc ($10.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $119k (1.1% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.9m against liabilities of $1.9m, net assets of $3.0m. It reported 45 employees.