Olympia Companies Southern Highlands Charitable Foundation

Analysis

Olympia Companies Southern Highlands Charitable Foundation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Olympia Companies Southern Highlands Charitable Foundation reported income of $1.5m and spending of $1.7m, spending 120% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.1m to $1.5m (+32%), an average of +5.7% a year. The sharpest change came in the year to December 2022, when income rose by 5396%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Olympia Companies Southern Highlands Charitable Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NV. Charities of a similar size with the same main cause include Community Foundation of East Mississippi Inc ($1.5m), Good Samaritan Hospital Foundation Kearney Nebraska ($1.5m) and International Cancer Advocacy Network ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 180% of the total. At year end it held assets of $245k against liabilities of $63k, net assets of $181k.

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.