Mt Olive Family Medicine Center Inc

Analysis

Mt Olive Family Medicine Center Inc is a registered charity in United States, based in Mount Olive, NC. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mt Olive Family Medicine Center Inc reported income of $6.0m and spending of $5.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $6.0m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mt Olive Family Medicine Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Sayre Health Center ($6.0m), Sheldon Community Volunteer Fire & Rescue Inc ($6.0m) and Gryphon Place ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $697k (12% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $5.2m against liabilities of $1.9m, net assets of $3.3m. It reported 55 employees.