Ole
Ole maintains stable finances with consistent asset growth and no reported officer compensation.
EIN: 208897404 · Anchorage, AK · NTEE: B60 · Updated: 2026-03-28
Is Ole Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ole directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ole
Ole (EIN: 208897404) is a nonprofit organization based in Anchorage, AK, classified under NTEE code B60. The organization reported total revenue of $88K and total assets of $149K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ole's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ole is a micro nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2016–2024). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $81K |
| Total Expenses | $69K |
| Surplus / Deficit | +$11K |
| Total Assets | $164K |
| Net Assets | $164K |
| Operating Margin | 14.1% |
| Months of Reserves | 28.4 months |
Financial Health Grade: A
In 2024, Ole reported a surplus of $11K with revenue exceeding expenses, holds 28.4 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2016–2024), Ole's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +3.4% | -4.3% | +10.1% |
| 2023 | +14.6% | +18.9% | +3.8% |
| 2022 | +38.5% | -14.3% | +5.5% |
| 2021 | -34.4% | -21.1% | -13.9% |
| 2020 | -19.0% | +29.4% | -8.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Ole with a Mission Score of 90 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, Ole 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
Executive Compensation Analysis
Ole consistently reports 0% officer compensation across all nine filing periods, indicating that executive leadership is either entirely volunteer-based or compensated below IRS reporting thresholds, which is highly favorable for a nonprofit of its size.
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 Ole's IRS 990 filings:
- Lack of detailed program vs. administrative spending breakdown in provided summary data (though overall efficiency is high)
Strengths
The following positive indicators were identified for Ole:
- Consistent asset growth (from $97,520 in 201606 to $163,921 in 202406)
- Zero reported officer compensation across all filings
- Strong financial solvency with minimal to no liabilities in recent years
- Consistent positive net income in most recent periods (e.g., $11,380 in 202406)
- Regular and transparent IRS 990 filing history (9 filings)
Frequently Asked Questions about Ole
Is Ole a legitimate charity?
Based on AI analysis of IRS 990 filings, Ole (EIN: 208897404) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Ole spend its money?
Ole directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ole tax-deductible?
Ole is registered as a tax-exempt nonprofit (EIN: 208897404). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Ole a good charity?
Based on the provided financial data, Ole appears to be a good charity. It demonstrates strong financial health, consistent asset growth, and efficient expense management, with no reported officer compensation.
How has Ole's financial health changed over time?
Ole's financial health has steadily improved, with assets growing from $97,520 in 201606 to $163,921 in 202406, and consistent positive net income in most recent years, such as $11,380 in 202406.
What is Ole's approach to executive compensation?
Ole reports 0% officer compensation in all available filings, suggesting a commitment to minimizing administrative overhead and potentially relying on volunteer leadership.
Does Ole have any significant liabilities?
No, Ole has reported $0 in liabilities for the most recent periods (202406, 202306) and minimal liabilities in other periods, indicating strong financial solvency.
How efficient is Ole in its spending?
Ole appears efficient in its spending, with expenses consistently lower than revenue in recent years (e.g., $69,333 expenses vs. $80,713 revenue in 202406), leading to asset accumulation.
Filing History
IRS 990 filing history for Ole showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2016–2024), Ole's revenue has grown by 3.6%, moving from $78K to $81K. Total assets increased by 68.1% over the same period, from $98K to $164K. Total functional expenses fell by 8.2%, from $76K to $69K. In its most recent filing year (2024), Ole reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $81K | $69K | $164K | $0 | — | — |
| 2023 | $78K | $72K | $149K | $0 | — | View 990 |
| 2022 | $68K | $61K | $144K | $228 | — | — |
| 2021 | $49K | $71K | $136K | $0 | — | — |
| 2020 | $75K | $90K | $158K | $0 | — | — |
| 2019 | $93K | $70K | $173K | $0 | — | View 990 |
| 2018 | $104K | $69K | $150K | $0 | — | — |
| 2017 | $79K | $60K | $118K | $4K | — | View 990 |
| 2016 | $78K | $76K | $98K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $81K, expenses of $69K, and assets of $164K (revenue +3.4% year-over-year).
- 2023: Revenue of $78K, expenses of $72K, and assets of $149K (revenue +14.6% year-over-year).
- 2022: Revenue of $68K, expenses of $61K, and assets of $144K (revenue +38.5% year-over-year).
- 2021: Revenue of $49K, expenses of $71K, and assets of $136K (revenue -34.4% year-over-year).
- 2020: Revenue of $75K, expenses of $90K, and assets of $158K (revenue -19.0% year-over-year).
- 2019: Revenue of $93K, expenses of $70K, and assets of $173K (revenue -11.3% year-over-year).
- 2018: Revenue of $104K, expenses of $69K, and assets of $150K (revenue +31.7% year-over-year).
- 2017: Revenue of $79K, expenses of $60K, and assets of $118K (revenue +1.8% year-over-year).
- 2016: Revenue of $78K, expenses of $76K, and assets of $98K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ole:
Data Sources and Methodology
This transparency report for Ole 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.