Mt Olive Community Outreach Center Inc

Analysis

Mt Olive Community Outreach Center Inc is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in September 1992, 34 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, Mt Olive Community Outreach Center Inc reported income of $3.9m and spending of $3.8m, spending 98% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.0m to $3.9m (+95%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mt Olive Community Outreach Center Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include SRS Community Reuse Organization ($3.9m), North Central Indiana Regional Planning Council ($3.9m) and L E Phillips Career Development Center Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $5.2m against liabilities of $1.6m, net assets of $3.7m. It reported 169 employees.