Mt Olive Child Care & Learning Center
Mt Olive Child Care & Learning Center: Strong Program Spending, but Transparency Lags
EIN: 222157202 · Budd Lake, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Program Spending | 85% |
| Net Assets | $1.3M |
| Transparency Score | 85/100 |
Is Mt Olive Child Care & Learning Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mt Olive Child Care & Learning Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mt Olive Child Care & Learning Center
Mt Olive Child Care & Learning Center (EIN: 222157202) is a nonprofit organization based in Budd Lake, NJ. The organization reported total revenue of $1.3M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mt Olive Child Care & Learning Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mt Olive Child Care & Learning Center is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$269K |
| Total Assets | $1.8M |
| Total Liabilities | $487K |
| Net Assets | $1.3M |
| Operating Margin | 18.2% |
| Debt-to-Asset Ratio | 27.8% |
| Months of Reserves | 17.5 months |
Financial Health Grade: A
In 2023, Mt Olive Child Care & Learning Center reported a surplus of $269K with revenue exceeding expenses, holds 17.5 months of operating reserves (strong position), has a debt-to-asset ratio of 27.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mt Olive Child Care & Learning Center's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.7% | +9.2% | +11.1% |
| 2022 | +18.5% | +16.7% | +71.4% |
| 2021 | +16.5% | +4.7% | +20.0% |
| 2020 | -11.4% | -22.5% | +10.9% |
| 2019 | +5.2% | +1.6% | -11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1979 |
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 Mt Olive Child Care & Learning Center 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, Mt Olive Child Care & Learning Center 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 $269K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.8%.
Executive Compensation Analysis
Without access to the Form 990, a specific assessment of executive compensation is not possible. However, given the organization's size and revenue, it is crucial to ensure compensation is reasonable and disclosed.
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 Mt Olive Child Care & Learning Center's IRS 990 filings:
- Lack of easily accessible Form 990 filings for public review.
- Limited public information regarding governance policies and board oversight.
- Unclear breakdown of administrative versus fundraising costs in publicly available summaries.
Strengths
The following positive indicators were identified for Mt Olive Child Care & Learning Center:
- Consistent revenue generation over several years, indicating stable operations.
- Significant asset growth from $921,385 in 2021 to $1,754,541 in 2023, suggesting financial health.
- Focus on child care and learning, addressing a critical community need.
Frequently Asked Questions about Mt Olive Child Care & Learning Center
Is Mt Olive Child Care & Learning Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Mt Olive Child Care & Learning Center (EIN: 222157202) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Mt Olive Child Care & Learning Center spend its money?
Mt Olive Child Care & Learning Center directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mt Olive Child Care & Learning Center tax-deductible?
Mt Olive Child Care & Learning Center is registered as a tax-exempt nonprofit (EIN: 222157202). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mt Olive Child Care & Learning Center's spending goes to programs?
Mt Olive Child Care & Learning Center directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Mt Olive Child Care & Learning Center located?
Mt Olive Child Care & Learning Center is headquartered in Budd Lake, New Jersey and files with the IRS under EIN 222157202.
How many years of IRS 990 filings does Mt Olive Child Care & Learning Center have?
Mt Olive Child Care & Learning Center 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 $1.3M in total revenue.
What does Mt Olive Child Care & Learning Center do?
Mt Olive Child Care & Learning Center is a nonprofit organization in the Unknown sector, located in Budd Lake, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Mt Olive Child Care & Learning Center have?
Mt Olive Child Care & Learning Center reported total revenue of $1,286,536. Based on 13 IRS 990 filings on record.
What are Mt Olive Child Care & Learning Center's total assets?
Mt Olive Child Care & Learning Center holds total assets of $1,837,165 as reported in IRS 990 filings.
Where is Mt Olive Child Care & Learning Center located?
Mt Olive Child Care & Learning Center is based in Budd Lake, New Jersey.
What is Mt Olive Child Care & Learning Center's EIN?
Mt Olive Child Care & Learning Center's Employer Identification Number (EIN) is 222157202. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mt Olive Child Care & Learning Center?
Mt Olive Child Care & Learning Center is classified under NTEE code Unknown (Unknown).
Is Mt Olive Child Care & Learning Center a registered 501(c)(3)?
Mt Olive Child Care & Learning Center appears in IRS records (EIN: 222157202). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Mt Olive Child Care & Learning Center file IRS Form 990?
Yes, Mt Olive Child Care & Learning Center has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Mt Olive Child Care & Learning Center's revenue in 2023?
In the 202312 filing period, Mt Olive Child Care & Learning Center reported total revenue of $1,473,853, total expenses of $1,205,339, and net assets of $1,754,541.
Is Mt Olive Child Care & Learning Center's revenue growing or declining?
Mt Olive Child Care & Learning Center's revenue is growing. Revenue went from $1,319,605 (202212) to $1,473,853 (202312), a +11.7% change. Based on 13 filings on record.
What is Mt Olive Child Care & Learning Center's most recent 990 filing?
The most recent IRS Form 990 filing for Mt Olive Child Care & Learning Center covers tax period 202312. It shows revenue of $1,473,853, expenses of $1,205,339, total assets of $1,754,541, and liabilities of $487,106.
How much does Mt Olive Child Care & Learning Center spend on programs vs administration?
Based on IRS 990 analysis, Mt Olive Child Care & Learning Center allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Mt Olive Child Care & Learning Center a trustworthy charity?
Based on AI analysis of IRS 990 data, Mt Olive Child Care & Learning Center appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Mt Olive Child Care & Learning Center?
The following concerns were identified: Lack of easily accessible Form 990 filings for public review.. Limited public information regarding governance policies and board oversight.. Unclear breakdown of administrative versus fundraising costs in publicly available summaries.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Mt Olive Child Care & Learning Center's strengths?
Positive indicators for Mt Olive Child Care & Learning Center include: Consistent revenue generation over several years, indicating stable operations.. Significant asset growth from $921,385 in 2021 to $1,754,541 in 2023, suggesting financial health.. Focus on child care and learning, addressing a critical community need.. These findings are derived from AI analysis of the organization's financial filings.
How does Mt Olive Child Care & Learning Center compensate executives?
Without access to the Form 990, a specific assessment of executive compensation is not possible. However, given the organization's size and revenue, it is crucial to ensure compensation is reasonable and disclosed. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Mt Olive Child Care & Learning Center?
• The organization's Form 990 is not readily available on their website or common public databases, hindering a full transparency assessment. • Detailed breakdowns of program expenses beyond broad categories are not easily accessible. • Information regarding board independence and conflict of interest policies is not publicly disclosed. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the organization ensure its program spending remains high without clear public breakdowns of administrative and fundraising costs?
While the provided data suggests a strong program focus, the absence of detailed financial statements makes it difficult to verify the exact allocation. A more transparent breakdown would clarify how the organization maintains its program efficiency.
What is the strategy behind the substantial asset growth from $921,385 in 2021 to $1,754,541 in 2023, and how does it impact the organization's long-term sustainability?
The significant increase in assets suggests successful financial management or strategic investments. Understanding the nature of these assets (e.g., property, investments) and the strategy behind their growth is crucial for assessing long-term financial health and capacity for future programs.
Filing History
IRS 990 filing history for Mt Olive Child Care & Learning Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mt Olive Child Care & Learning Center's revenue has declined by 4.4%, moving from $1.5M to $1.5M. Total assets increased by 107.2% over the same period, from $847K to $1.8M. Total functional expenses fell by 26.7%, from $1.6M to $1.2M. In its most recent filing year (2023), Mt Olive Child Care & Learning Center reported a surplus of $269K, with revenue exceeding expenses. The organization holds $487K in liabilities against $1.8M in assets (debt-to-asset ratio: 27.8%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.2M | $1.8M | $487K | — | View 990 |
| 2022 | $1.3M | $1.1M | $1.6M | $580K | — | View 990 |
| 2021 | $1.1M | $946K | $921K | $137K | — | — |
| 2020 | $956K | $904K | $768K | $149K | — | — |
| 2019 | $1.1M | $1.2M | $692K | $127K | — | View 990 |
| 2018 | $1.0M | $1.1M | $782K | $131K | — | View 990 |
| 2017 | $1.5M | $1.4M | $910K | $136K | — | View 990 |
| 2016 | $1.7M | $1.7M | $918K | $222K | — | View 990 |
| 2015 | $1.7M | $1.6M | $819K | $176K | — | View 990 |
| 2014 | $1.7M | $1.6M | $760K | $129K | — | View 990 |
| 2013 | $1.5M | $1.5M | $711K | $181K | — | View 990 |
| 2012 | $1.5M | $1.7M | $672K | $184K | — | View 990 |
| 2011 | $1.5M | $1.6M | $847K | $208K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.2M, and assets of $1.8M (revenue +11.7% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.1M, and assets of $1.6M (revenue +18.5% year-over-year).
- 2021: Revenue of $1.1M, expenses of $946K, and assets of $921K (revenue +16.5% year-over-year).
- 2020: Revenue of $956K, expenses of $904K, and assets of $768K (revenue -11.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $692K (revenue +5.2% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.1M, and assets of $782K (revenue -32.4% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.4M, and assets of $910K (revenue -13.3% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.7M, and assets of $918K (revenue +2.1% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.6M, and assets of $819K (revenue -0.2% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.6M, and assets of $760K (revenue +13.9% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $711K (revenue -1.8% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.7M, and assets of $672K (revenue -0.4% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.6M, and assets of $847K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mt Olive Child Care & Learning Center:
Data Sources and Methodology
This transparency report for Mt Olive Child Care & Learning Center 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.