Olivet Academy Early Learning Center

Analysis

Olivet Academy Early Learning Center is a registered charity in United States, based in Wingdale, NY. It received its IRS tax-exemption ruling in April 2023, 3 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, Olivet Academy Early Learning Center reported income of $372k and spending of $338k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $191k to $372k (+94%), an average of +39% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Olivet Academy Early Learning Center sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Edward King House Senior Center Inc ($372k), National Coalition of 100 Black Women Inc San Francisco Chapter ($372k) and Centro Coameno Para LA Vejez Inc ($371k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Other salaries and wages came to $225k. At year end it held assets of $39k against liabilities of $518, net assets of $38k. It reported 9 employees.