Olive Tree Arts Network NFP

Analysis

Olive Tree Arts Network NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Olive Tree Arts Network NFP reported income of $69k and spending of $77k, spending 113% of what it took in. Across the 2 years on record, from August 2021 to August 2023, income fell from $103k to $69k (-33%), an average of -33% a year. The sharpest change came in the year to August 2023, when income dropped by 33%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Olive Tree Arts Network NFP sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within IL. Charities of a similar size with the same main cause include Norco High School Noteworthy Booster Club ($69k), Wichita Community Theater Inc ($69k) and Guntersville Museum & Cultural Center Association ($69k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. At year end it held assets of $25k against liabilities of $2,644, net assets of $22k.