Mount Olive Child Development Center Incorporated
Mount Olive Child Development Center: Steady Revenue, Growing Assets, and Strong Program Focus
EIN: 222524520 · Hartford, CT · NTEE: P33Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $3.0M |
| Program Spending | 80% |
| Net Assets | $3.5M |
| Transparency Score | 85/100 |
Is Mount Olive Child Development Center Incorporated Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mount Olive Child Development Center Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mount Olive Child Development Center Incorporated
Mount Olive Child Development Center Incorporated (EIN: 222524520) is a nonprofit organization based in Hartford, CT, classified under NTEE code P33Z. The organization reported total revenue of $3.4M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Olive Child Development Center Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mount Olive Child Development Center Incorporated is a mid-size nonprofit that has been operating for 40 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$822K |
| Total Assets | $5.5M |
| Total Liabilities | $2.0M |
| Net Assets | $3.5M |
| Operating Margin | 21.4% |
| Debt-to-Asset Ratio | 36.7% |
| Months of Reserves | 21.8 months |
Financial Health Grade: A
In 2023, Mount Olive Child Development Center Incorporated reported a surplus of $822K with revenue exceeding expenses, holds 21.8 months of operating reserves (strong position), has a debt-to-asset ratio of 36.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Mount Olive Child Development Center Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.6% | -1.2% | +20.0% |
| 2022 | -12.4% | -3.5% | +18.2% |
| 2021 | +18.1% | -5.8% | +5.3% |
| 2020 | -0.6% | -3.5% | +20.4% |
| 2019 | +2.6% | +4.6% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mount Olive Child Development Center Incorporated with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Mount Olive Child Development Center Incorporated allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $822K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that key leadership roles may be volunteer-based or compensated through other means not captured in this specific 'c' field.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Mount Olive Child Development Center Incorporated:
- Consistent revenue generation, with annual revenues ('r') generally above $3.5 million.
- Significant growth in assets ('a') over the past five years, from $3,054,795 in 2019 to $5,489,260 in 2023, enhancing long-term stability.
- Stable expense management, with total expenses ('x') remaining consistent relative to revenue.
- Low liability ('l') relative to assets, indicating a healthy balance sheet.
Frequently Asked Questions about Mount Olive Child Development Center Incorporated
Is Mount Olive Child Development Center Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Olive Child Development Center Incorporated (EIN: 222524520) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Mount Olive Child Development Center Incorporated spend its money?
Mount Olive Child Development Center Incorporated directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mount Olive Child Development Center Incorporated tax-deductible?
Mount Olive Child Development Center Incorporated is registered as a tax-exempt nonprofit (EIN: 222524520). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mount Olive Child Development Center Incorporated's spending goes to programs?
Mount Olive Child Development Center Incorporated directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mount Olive Child Development Center Incorporated compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mount Olive Child Development Center Incorporated is above average for NTEE category P33Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mount Olive Child Development Center Incorporated located?
Mount Olive Child Development Center Incorporated is headquartered in Hartford, Connecticut and files with the IRS under EIN 222524520. It is classified under NTEE code P33Z.
How many years of IRS 990 filings does Mount Olive Child Development Center Incorporated have?
Mount Olive Child Development Center Incorporated has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.4M in total revenue.
What does Mount Olive Child Development Center Incorporated do?
Mount Olive Child Development Center Incorporated is a nonprofit organization in the Human Services sector, located in Hartford, Connecticut. It is classified under NTEE code P33Z.
How much revenue does Mount Olive Child Development Center Incorporated have?
Mount Olive Child Development Center Incorporated reported total revenue of $3,368,170. Based on 14 IRS 990 filings on record.
What are Mount Olive Child Development Center Incorporated's total assets?
Mount Olive Child Development Center Incorporated holds total assets of $5,428,097 as reported in IRS 990 filings.
Where is Mount Olive Child Development Center Incorporated located?
Mount Olive Child Development Center Incorporated is based in Hartford, Connecticut.
What is Mount Olive Child Development Center Incorporated's EIN?
Mount Olive Child Development Center Incorporated's Employer Identification Number (EIN) is 222524520. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mount Olive Child Development Center Incorporated?
Mount Olive Child Development Center Incorporated is classified under NTEE code P33Z (Human Services).
Is Mount Olive Child Development Center Incorporated a registered 501(c)(3)?
Yes, Mount Olive Child Development Center Incorporated is recognized as a tax-exempt organization by the IRS. EIN: 222524520.
Does Mount Olive Child Development Center Incorporated file IRS Form 990?
Yes, Mount Olive Child Development Center Incorporated has 14 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Mount Olive Child Development Center Incorporated's revenue in 2023?
In the 202306 filing period, Mount Olive Child Development Center Incorporated reported total revenue of $3,843,605, total expenses of $3,021,293, and net assets of $5,489,260.
Is Mount Olive Child Development Center Incorporated's revenue growing or declining?
Mount Olive Child Development Center Incorporated's revenue is relatively stable. Revenue went from $3,709,313 (202206) to $3,843,605 (202306), a +3.6% change. Based on 14 filings on record.
What is Mount Olive Child Development Center Incorporated's most recent 990 filing?
The most recent IRS Form 990 filing for Mount Olive Child Development Center Incorporated covers tax period 202306. It shows revenue of $3,843,605, expenses of $3,021,293, total assets of $5,489,260, and liabilities of $2,013,271.
How much does Mount Olive Child Development Center Incorporated spend on programs vs administration?
Based on IRS 990 analysis, Mount Olive Child Development Center Incorporated allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Mount Olive Child Development Center Incorporated a trustworthy charity?
Based on AI analysis of IRS 990 data, Mount Olive Child Development Center Incorporated appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Mount Olive Child Development Center Incorporated's strengths?
Positive indicators for Mount Olive Child Development Center Incorporated include: Consistent revenue generation, with annual revenues ('r') generally above $3.5 million.. Significant growth in assets ('a') over the past five years, from $3,054,795 in 2019 to $5,489,260 in 2023, enhancing long-term stability.. Stable expense management, with total expenses ('x') remaining consistent relative to revenue.. Low liability ('l') relative to assets, indicating a healthy balance sheet.. These findings are derived from AI analysis of the organization's financial filings.
How does Mount Olive Child Development Center Incorporated compensate executives?
Executive compensation is reported as 0% across all available filings, suggesting that key leadership roles may be volunteer-based or compensated through other means not captured in this specific 'c' field. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% reported for officer compensation, how does Mount Olive Child Development Center attract and retain leadership, and what is the actual compensation structure for key personnel?
The consistent 'c0%' across all filings suggests that either the organization operates with entirely volunteer leadership, or compensation for key personnel is structured in a way that is not reported under this specific 'compensation to officers, directors, trustees, and key employees' field. Further investigation into their IRS Form 990, Part VII, Section A would be necessary to understand the full compensation details for their highest-paid employees and independent contractors.
What factors contributed to the substantial increase in assets from $3,054,795 in 2019 to $5,489,260 in 2023, and how are these assets being utilized to further the organization's mission?
The significant asset growth could be due to various factors such as successful fundraising campaigns, capital improvements, investment gains, or accumulation of unrestricted net assets. Understanding the composition of these assets (e.g., cash, investments, property, plant, and equipment) and their deployment would provide insight into the organization's strategic financial management and its direct impact on program delivery and capacity building.
Filing History
IRS 990 filing history for Mount Olive Child Development Center Incorporated showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Mount Olive Child Development Center Incorporated's revenue has declined by 19.6%, moving from $4.8M to $3.8M. Total assets increased by 37.8% over the same period, from $4.0M to $5.5M. Total functional expenses fell by 35.4%, from $4.7M to $3.0M. In its most recent filing year (2023), Mount Olive Child Development Center Incorporated reported a surplus of $822K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $5.5M in assets (debt-to-asset ratio: 36.7%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $3.0M | $5.5M | $2.0M | — | View 990 |
| 2022 | $3.7M | $3.1M | $4.6M | $1.9M | — | View 990 |
| 2021 | $4.2M | $3.2M | $3.9M | $1.9M | — | View 990 |
| 2020 | $3.6M | $3.4M | $3.7M | $2.7M | — | View 990 |
| 2019 | $3.6M | $3.5M | $3.1M | $2.3M | — | View 990 |
| 2018 | $3.5M | $3.3M | $3.1M | $2.5M | — | View 990 |
| 2017 | $3.5M | $3.4M | $3.2M | $2.7M | — | View 990 |
| 2016 | $3.8M | $3.5M | $3.4M | $3.1M | — | View 990 |
| 2015 | $3.8M | $3.8M | $3.6M | $3.6M | — | View 990 |
| 2014 | $3.5M | $4.0M | $3.8M | $3.9M | — | View 990 |
| 2013 | $4.2M | $4.3M | $3.8M | $3.5M | — | View 990 |
| 2012 | $2.5M | $2.2M | $3.9M | $3.5M | — | View 990 |
| 2011 | $4.7M | $4.7M | $4.2M | $4.1M | — | View 990 |
| 2010 | $4.8M | $4.7M | $4.0M | $3.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $3.0M, and assets of $5.5M (revenue +3.6% year-over-year).
- 2022: Revenue of $3.7M, expenses of $3.1M, and assets of $4.6M (revenue -12.4% year-over-year).
- 2021: Revenue of $4.2M, expenses of $3.2M, and assets of $3.9M (revenue +18.1% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.4M, and assets of $3.7M (revenue -0.6% year-over-year).
- 2019: Revenue of $3.6M, expenses of $3.5M, and assets of $3.1M (revenue +2.6% year-over-year).
- 2018: Revenue of $3.5M, expenses of $3.3M, and assets of $3.1M (revenue -0.4% year-over-year).
- 2017: Revenue of $3.5M, expenses of $3.4M, and assets of $3.2M (revenue -7.2% year-over-year).
- 2016: Revenue of $3.8M, expenses of $3.5M, and assets of $3.4M (revenue -0.7% year-over-year).
- 2015: Revenue of $3.8M, expenses of $3.8M, and assets of $3.6M (revenue +8.0% year-over-year).
- 2014: Revenue of $3.5M, expenses of $4.0M, and assets of $3.8M (revenue -15.9% year-over-year).
- 2013: Revenue of $4.2M, expenses of $4.3M, and assets of $3.8M (revenue +68.8% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.2M, and assets of $3.9M (revenue -47.4% year-over-year).
- 2011: Revenue of $4.7M, expenses of $4.7M, and assets of $4.2M (revenue -0.7% year-over-year).
- 2010: Revenue of $4.8M, expenses of $4.7M, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mount Olive Child Development Center Incorporated:
Data Sources and Methodology
This transparency report for Mount Olive Child Development Center Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.