Ole Health NMTC

Analysis

Ole Health NMTC is a registered charity in United States, based in Napa, CA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ole Health NMTC reported income of $600k and spending of $1.7m, spending 279% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $423k to $600k (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2020, when income rose by 62%. Over the whole period it spent 302% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ole Health NMTC sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include United Hebrew of New Rochelle Certified Home Health Agency Inc ($600k), American Academy of Sports Physical Therapy Inc ($600k) and Surf City Volunteer Fire Co 1 ($600k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $26.0m against liabilities of $30.1m, net assets of -$4.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.