Olmalaika Inc

Analysis

Olmalaika Inc is a registered charity in United States, based in Berrien SPRGS, MI. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Olmalaika Inc reported income of $234k and spending of $236k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $225k to $234k (+4.0%), an average of +4.0% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Olmalaika Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include This Child Here Inc ($234k), Saddle Light Center Inc ($234k) and The Writers Colony at Dairy Hollow Inc ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $13k. At year end it held assets of $25k against liabilities of $0, net assets of $25k.