Olympic Village Inc

Analysis

Olympic Village Inc is a registered charity in United States, based in Sun Prairie, WI. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Olympic Village Inc reported income of $646k and spending of $984k, spending 152% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $275k to $646k (+135%), an average of +53% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 168% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Olympic Village Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within WI. Charities of a similar size with the same main cause include River Community Homes Inc ($646k), Aberdeen Senior Housing Inc ($647k) and Shirleys House of Hope ($646k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 89% of the total. At year end it held assets of $14.3m against liabilities of $12.7m, net assets of $1.7m.

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.