Mount Olivet Cemetery
Mount Olivet Cemetery maintains stable finances with consistent revenue and no reported officer compensation.
EIN: 111104650 · Maspeth, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.7M |
| Total Expenses | $1.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $17.3M |
| Transparency Score | 85/100 |
Is Mount Olivet Cemetery Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mount Olivet Cemetery directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mount Olivet Cemetery
Mount Olivet Cemetery (EIN: 111104650) is a nonprofit organization based in Maspeth, NY. The organization reported total revenue of $9.7M and total assets of $20.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Olivet Cemetery's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mount Olivet Cemetery is a mid-size nonprofit that has been operating for 91 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$205K |
| Total Assets | $18.1M |
| Total Liabilities | $772K |
| Net Assets | $17.3M |
| Operating Margin | 10.6% |
| Debt-to-Asset Ratio | 4.3% |
| Months of Reserves | 126.0 months |
Financial Health Grade: A
In 2023, Mount Olivet Cemetery reported a surplus of $205K with revenue exceeding expenses, holds 126.0 months of operating reserves (strong position), has a debt-to-asset ratio of 4.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mount Olivet Cemetery's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.3% | -2.5% | +7.2% |
| 2022 | -3.6% | +5.1% | -16.5% |
| 2021 | -4.1% | +3.0% | +8.7% |
| 2020 | +13.1% | -1.7% | +2.2% |
| 2019 | +3.8% | +20.7% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1935 |
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 Olivet Cemetery 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: 85%
- fundraising: 5%
According to IRS 990 filings, Mount Olivet Cemetery allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $205K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.3%.
Executive Compensation Analysis
Mount Olivet Cemetery consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through mechanisms not classified as officer compensation on the IRS 990, which is unusual for an organization with annual revenues approaching $2 million.
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.
Red Flags
The following concerns were identified during AI analysis of Mount Olivet Cemetery's IRS 990 filings:
- Lack of detailed spending breakdown in provided data
- Unclear how an organization with nearly $2M in annual revenue sustains operations with 0% reported officer compensation
Strengths
The following positive indicators were identified for Mount Olivet Cemetery:
- Consistent revenue generation, averaging around $2 million annually
- Healthy asset growth, from $16.5M in 2015 to $18M in 2023
- Low liabilities relative to assets, indicating strong financial stability
- Efficient operations with expenses generally lower than revenue, leading to net assets growth
Frequently Asked Questions about Mount Olivet Cemetery
Is Mount Olivet Cemetery a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Olivet Cemetery (EIN: 111104650) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Mount Olivet Cemetery spend its money?
Mount Olivet Cemetery directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mount Olivet Cemetery tax-deductible?
Mount Olivet Cemetery is registered as a tax-exempt nonprofit (EIN: 111104650). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mount Olivet Cemetery CEO make?
Mount Olivet Cemetery's highest-compensated officer earns $2 annually. The organization reported $9.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mount Olivet Cemetery's spending goes to programs?
Mount Olivet Cemetery directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Mount Olivet Cemetery located?
Mount Olivet Cemetery is headquartered in Maspeth, New York and files with the IRS under EIN 111104650.
How many years of IRS 990 filings does Mount Olivet Cemetery have?
Mount Olivet Cemetery has 13 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 $9.7M in total revenue.
How does Mount Olivet Cemetery manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that leadership may be volunteer-based or compensated through other means not categorized as officer compensation on the 990. Further investigation into their operational structure and compensation policies would be needed to fully understand this.
What is the primary source of Mount Olivet Cemetery's revenue?
While the filings show consistent revenue, the specific breakdown of revenue sources (e.g., burial fees, endowments, donations) is not detailed in the provided summary. For example, in 2023, revenue was $1,927,607.
What are the main categories of expenses for Mount Olivet Cemetery?
The provided data indicates total expenses, such as $1,723,093 in 2023, but does not break down these expenses into program, administrative, or fundraising categories. A detailed 990 would provide this information.
Filing History
IRS 990 filing history for Mount Olivet Cemetery showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mount Olivet Cemetery's revenue has declined by 21.8%, moving from $2.5M to $1.9M. Total assets increased by 11.3% over the same period, from $16.3M to $18.1M. Total functional expenses fell by 0.8%, from $1.7M to $1.7M. In its most recent filing year (2023), Mount Olivet Cemetery reported a surplus of $205K, with revenue exceeding expenses. The organization holds $772K in liabilities against $18.1M in assets (debt-to-asset ratio: 4.3%), resulting in net assets of $17.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.7M | $18.1M | $772K | — | — |
| 2022 | $1.9M | $1.8M | $16.9M | $721K | — | View 990 |
| 2021 | $2.0M | $1.7M | $20.2M | $411K | — | View 990 |
| 2020 | $2.0M | $1.6M | $18.6M | $428K | — | View 990 |
| 2019 | $1.8M | $1.7M | $18.2M | $613K | — | View 990 |
| 2018 | $1.7M | $1.4M | $17.9M | $424K | — | View 990 |
| 2017 | $2.1M | $1.9M | $17.8M | $426K | — | View 990 |
| 2016 | $2.7M | $1.5M | $17.0M | $157K | — | View 990 |
| 2015 | $2.4M | $4.2M | $16.6M | $161K | — | View 990 |
| 2014 | $2.5M | $1.8M | $18.6M | $734K | — | View 990 |
| 2013 | $1.8M | $1.9M | $18.1M | $1.2M | — | View 990 |
| 2012 | $2.1M | $1.7M | $17.6M | $963K | — | View 990 |
| 2011 | $2.5M | $1.7M | $16.3M | $697K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.7M, and assets of $18.1M (revenue +2.3% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.8M, and assets of $16.9M (revenue -3.6% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.7M, and assets of $20.2M (revenue -4.1% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.6M, and assets of $18.6M (revenue +13.1% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.7M, and assets of $18.2M (revenue +3.8% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.4M, and assets of $17.9M (revenue -17.3% year-over-year).
- 2017: Revenue of $2.1M, expenses of $1.9M, and assets of $17.8M (revenue -21.8% year-over-year).
- 2016: Revenue of $2.7M, expenses of $1.5M, and assets of $17.0M (revenue +13.6% year-over-year).
- 2015: Revenue of $2.4M, expenses of $4.2M, and assets of $16.6M (revenue -3.7% year-over-year).
- 2014: Revenue of $2.5M, expenses of $1.8M, and assets of $18.6M (revenue +33.1% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.9M, and assets of $18.1M (revenue -13.8% year-over-year).
- 2012: Revenue of $2.1M, expenses of $1.7M, and assets of $17.6M (revenue -13.2% year-over-year).
- 2011: Revenue of $2.5M, expenses of $1.7M, and assets of $16.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mount Olivet Cemetery:
Data Sources and Methodology
This transparency report for Mount Olivet Cemetery 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.