Olympus Development Foundation Inc

Analysis

Olympus Development Foundation Inc is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in September 1991, 35 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 2024, Olympus Development Foundation Inc reported income of $247k and spending of $219k, spending 88% of its income. Across the 3 years on record, from August 2022 to August 2024, income grew from $164k to $247k (+50%), an average of +23% a year. The sharpest change came in the year to August 2024, when income rose by 37%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olympus Development Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within UT. Charities of a similar size with the same main cause include Lima-Allen County VMCCC Foundation ($247k), Blue Ridge Volunteer Fire Company Inc ($247k) and Arizona Matsuri ($247k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $317k against liabilities of $0, net assets of $317k.