Olimpiakan Reservner Inc

Analysis

Olimpiakan Reservner Inc is a registered charity in United States, based in Granada Hills, CA. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Olimpiakan Reservner Inc reported income of $382k and spending of $424k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $173k to $382k (+122%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 2335%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Olimpiakan Reservner Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include US Quadball Inc ($382k), Hernando Soccer Club Inc ($382k) and Longwood Youth Sports Association Inc ($382k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $93k (22% of expenses). Other salaries and wages came to $89k. At year end it held assets of $147k against liabilities of $147k, net assets of $0.