Olive Glen Foundation Inc

Analysis

Olive Glen Foundation Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in June 1988, 38 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 June 2023, Olive Glen Foundation Inc reported income of $2.2m and spending of $2.4m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.2m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olive Glen Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Hindu Swayamsevak Sangh U S a Inc ($2.2m), BBB Wise Giving Alliance ($2.2m) and Pennsylvania District Attorneys Institute ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $104k (4.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.0m against liabilities of $12k, net assets of $3.0m. It reported 47 employees.