Mount Olive Gardens No 1 Inc

Analysis

Mount Olive Gardens No 1 Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in November 1974, 52 years ago. 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 August 2023, Mount Olive Gardens No 1 Inc reported income of $847k and spending of $919k, spending 108% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $706k to $847k (+20%), an average of +6.2% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Olive Gardens No 1 Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Dakota County Technical College Foundation ($847k), Normandale Lutheran Church Foundation ($847k) and Nikiski Senior Citizens Inc ($847k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $139k. At year end it held assets of $1.5m against liabilities of $387k, net assets of $1.1m.