Mount Olivet Lab School Inc
Mount Olivet Lab School Inc shows fluctuating revenue but consistent financial stability with zero officer compensation.
EIN: 203320672 · Saint Paul, MN · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $139K |
| Total Expenses | $106K |
| Program Spending | 85% |
| Net Assets | $68K |
| Transparency Score | 85/100 |
Is Mount Olivet Lab School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mount Olivet Lab School Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mount Olivet Lab School Inc
Mount Olivet Lab School Inc (EIN: 203320672) is a nonprofit organization based in Saint Paul, MN, classified under NTEE code O50. The organization reported total revenue of $139K and total assets of $73K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Olivet Lab School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mount Olivet Lab School Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $142K |
| Total Expenses | $106K |
| Surplus / Deficit | +$37K |
| Total Assets | $68K |
| Net Assets | $68K |
| Operating Margin | 25.7% |
| Months of Reserves | 7.7 months |
Financial Health Grade: A
In 2023, Mount Olivet Lab School Inc reported a surplus of $37K with revenue exceeding expenses, holds 7.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Mount Olivet Lab School Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +126.2% | +33.9% | +117.4% |
| 2022 | +51.4% | +18.3% | -34.0% |
| 2021 | -85.8% | -71.3% | -34.8% |
| 2020 | +945.2% | +885.4% | +514.1% |
| 2019 | +15.9% | -26.9% | +60.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Lab School Inc 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 Lab School Inc 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 $37K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation, which is highly favorable for a nonprofit of this size and suggests a volunteer-led or very lean administrative structure.
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 Lab School Inc's IRS 990 filings:
- Significant revenue fluctuations year-over-year, particularly the sharp drop from $293,151 in 2020 to $41,553 in 2021, could indicate unpredictable funding sources or operational changes.
Strengths
The following positive indicators were identified for Mount Olivet Lab School Inc:
- Consistent reporting of 0% officer compensation, demonstrating a commitment to directing funds to programs.
- Zero liabilities reported across all filings, indicating strong financial health and no debt burden.
- Positive net assets and asset growth from $7,342 in 2018 to $67,808 in 2023, showing financial stability and accumulation of resources.
- Generally operates with a surplus, as seen in 2023 with $142,332 revenue against $105,711 expenses.
Frequently Asked Questions about Mount Olivet Lab School Inc
Is Mount Olivet Lab School Inc a legitimate charity?
Mount Olivet Lab School Inc (EIN: 203320672) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $139K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Mount Olivet Lab School Inc spend its money?
Mount Olivet Lab School Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mount Olivet Lab School Inc tax-deductible?
Mount Olivet Lab School Inc is registered as a tax-exempt nonprofit (EIN: 203320672). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mount Olivet Lab School Inc's spending goes to programs?
Mount Olivet Lab School Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mount Olivet Lab School Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mount Olivet Lab School Inc is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mount Olivet Lab School Inc located?
Mount Olivet Lab School Inc is headquartered in Saint Paul, Minnesota and files with the IRS under EIN 203320672. It is classified under NTEE code O50.
How many years of IRS 990 filings does Mount Olivet Lab School Inc have?
Mount Olivet Lab School Inc 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 $139K in total revenue.
Is Mount Olivet Lab School Inc a good charity?
Based on the available data, Mount Olivet Lab School Inc appears to be a good charity. It consistently reports zero officer compensation, maintains zero liabilities, and has shown asset growth. While revenue has fluctuated, the organization generally operates with a surplus, indicating sound financial management.
How has Mount Olivet Lab School Inc's revenue changed over time?
Mount Olivet Lab School Inc's revenue has seen significant fluctuations. It peaked at $293,151 in 2020, then dropped to $41,553 in 2021, and has since recovered to $142,332 in 2023.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that its leadership does not receive salaries from the organization, which is a strong positive for donor confidence and resource allocation.
Filing History
IRS 990 filing history for Mount Olivet Lab School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mount Olivet Lab School Inc's revenue has grown by 326.2%, moving from $33K to $142K. Total assets increased by 213.1% over the same period, from $22K to $68K. Total functional expenses rose by 159.8%, from $41K to $106K. In its most recent filing year (2023), Mount Olivet Lab School Inc reported a surplus of $37K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $142K | $106K | $68K | $0 | — | View 990 |
| 2022 | $63K | $79K | $31K | $0 | — | View 990 |
| 2021 | $42K | $67K | $47K | $0 | — | — |
| 2020 | $293K | $233K | $72K | $0 | — | View 990 |
| 2019 | $28K | $24K | $12K | $0 | — | View 990 |
| 2018 | $24K | $32K | $7K | $0 | — | View 990 |
| 2017 | $35K | $29K | $15K | $0 | — | View 990 |
| 2016 | $33K | $39K | $10K | $0 | — | View 990 |
| 2015 | $43K | $42K | $16K | $0 | — | View 990 |
| 2014 | $44K | $41K | $15K | $0 | — | View 990 |
| 2013 | $40K | $43K | $12K | $0 | — | View 990 |
| 2012 | $37K | $44K | $15K | $0 | — | View 990 |
| 2011 | $33K | $41K | $22K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $142K, expenses of $106K, and assets of $68K (revenue +126.2% year-over-year).
- 2022: Revenue of $63K, expenses of $79K, and assets of $31K (revenue +51.4% year-over-year).
- 2021: Revenue of $42K, expenses of $67K, and assets of $47K (revenue -85.8% year-over-year).
- 2020: Revenue of $293K, expenses of $233K, and assets of $72K (revenue +945.2% year-over-year).
- 2019: Revenue of $28K, expenses of $24K, and assets of $12K (revenue +15.9% year-over-year).
- 2018: Revenue of $24K, expenses of $32K, and assets of $7K (revenue -30.5% year-over-year).
- 2017: Revenue of $35K, expenses of $29K, and assets of $15K (revenue +5.5% year-over-year).
- 2016: Revenue of $33K, expenses of $39K, and assets of $10K (revenue -23.0% year-over-year).
- 2015: Revenue of $43K, expenses of $42K, and assets of $16K (revenue -2.9% year-over-year).
- 2014: Revenue of $44K, expenses of $41K, and assets of $15K (revenue +10.4% year-over-year).
- 2013: Revenue of $40K, expenses of $43K, and assets of $12K (revenue +8.4% year-over-year).
- 2012: Revenue of $37K, expenses of $44K, and assets of $15K (revenue +10.5% year-over-year).
- 2011: Revenue of $33K, expenses of $41K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mount Olivet Lab School Inc:
Data Sources and Methodology
This transparency report for Mount Olivet Lab School Inc 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.