Oliver Charitable Corporation
Oliver Charitable Corporation faces persistent operating deficits and declining assets over the past decade.
EIN: 204399824 · Little Rock, AR · NTEE: T22 · Updated: 2026-03-28
Is Oliver Charitable Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Oliver Charitable Corporation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Oliver Charitable Corporation
Oliver Charitable Corporation (EIN: 204399824) is a nonprofit organization based in Little Rock, AR, classified under NTEE code T22. The organization reported total revenue of $831K and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oliver Charitable Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oliver Charitable Corporation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $162K |
| Total Expenses | $405K |
| Surplus / Deficit | $-243,539 |
| Total Assets | $4.8M |
| Total Liabilities | $1 |
| Net Assets | $4.8M |
| Operating Margin | -150.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 142.6 months |
Financial Health Grade: B
In 2023, Oliver Charitable Corporation reported a deficit of $244K with expenses exceeding revenue, holds 142.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Oliver Charitable Corporation's revenue has grown at a compound annual growth rate (CAGR) of 16.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -67.5% | +13.8% | -4.8% |
| 2022 | +109.2% | -25.8% | +2.9% |
| 2021 | +233.1% | +93.2% | -4.7% |
| 2019 | -101.2% | +18.2% | -33.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Oliver Charitable Corporation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Oliver Charitable Corporation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $244K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer-led executive team or that executive compensation is not categorized under 'Officer Comp' in the provided data. This could be a strength in terms of minimizing overhead, but also raises questions about the sustainability of leadership without compensation for an organization with significant assets.
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 Oliver Charitable Corporation's IRS 990 filings:
- Consistent operating deficits, with expenses frequently exceeding revenue (e.g., $405,245 expenses vs. $161,706 revenue in 2023).
- Significant and continuous decline in total assets over the past decade, from $9,380,167 in 2011 to $4,814,310 in 2023.
- Negative revenue reported in some years (e.g., $-26,343 in 2019 and $-60,391 in 2014), which is unusual and warrants further investigation.
Strengths
The following positive indicators were identified for Oliver Charitable Corporation:
- Zero reported officer compensation across all filings, potentially indicating efficient use of funds for leadership or strong volunteer engagement.
- Maintains a substantial asset base ($4,814,310 in 2023), providing a buffer despite operating deficits.
Frequently Asked Questions about Oliver Charitable Corporation
Is Oliver Charitable Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Oliver Charitable Corporation (EIN: 204399824) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Oliver Charitable Corporation spend its money?
Oliver Charitable Corporation directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Oliver Charitable Corporation tax-deductible?
Oliver Charitable Corporation is registered as a tax-exempt nonprofit (EIN: 204399824). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Oliver Charitable Corporation financially sustainable given its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue in most recent years (e.g., $161,706 revenue vs. $405,245 expenses in 2023), leading to operating deficits. While it has substantial assets ($4,814,310 in 2023), these have been declining, raising concerns about long-term financial sustainability if current trends continue.
What is the reason for the significant decline in assets from $9.38 million in 2011 to $4.81 million in 2023?
The provided data indicates a steady decline in assets over the past decade, from $9,380,167 in 2011 to $4,814,310 in 2023. This could be due to consistent operating deficits being covered by asset drawdowns, investment losses, or significant one-time expenditures not offset by revenue. Further detailed financial statements would be needed to pinpoint the exact causes.
How does Oliver Charitable Corporation fund its operations given the recurring revenue shortfalls?
With expenses frequently exceeding revenue, the organization appears to be funding its operations by drawing down its existing assets. For example, in 2023, expenses were $405,245 while revenue was only $161,706, implying a deficit covered by other means, likely from its asset base.
Filing History
IRS 990 filing history for Oliver Charitable Corporation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Oliver Charitable Corporation's revenue has grown by 516.7%, moving from $26K to $162K. Total assets decreased by 48.7% over the same period, from $9.4M to $4.8M. Total functional expenses fell by 15.3%, from $478K to $405K. In its most recent filing year (2023), Oliver Charitable Corporation reported a deficit of $244K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $162K | $405K | $4.8M | $1 | — | — |
| 2022 | $498K | $356K | $5.1M | $1 | — | View 990 |
| 2021 | $238K | $480K | $4.9M | $1 | — | View 990 |
| 2020 | $71K | $248K | $5.2M | $1 | — | View 990 |
| 2019 | $-26,343 | $585K | $5.3M | $0 | — | View 990 |
| 2015 | $2.2M | $495K | $8.0M | $0 | — | View 990 |
| 2014 | $-60,391 | $342K | $6.2M | $0 | — | View 990 |
| 2013 | $1.1M | $1.0M | $6.6M | $0 | — | View 990 |
| 2012 | $469K | $3.3M | $6.6M | $0 | — | View 990 |
| 2011 | $26K | $478K | $9.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $162K, expenses of $405K, and assets of $4.8M (revenue -67.5% year-over-year).
- 2022: Revenue of $498K, expenses of $356K, and assets of $5.1M (revenue +109.2% year-over-year).
- 2021: Revenue of $238K, expenses of $480K, and assets of $4.9M (revenue +233.1% year-over-year).
- 2020: Revenue of $71K, expenses of $248K, and assets of $5.2M.
- 2019: Revenue of $-26,343, expenses of $585K, and assets of $5.3M (revenue -101.2% year-over-year).
- 2015: Revenue of $2.2M, expenses of $495K, and assets of $8.0M.
- 2014: Revenue of $-60,391, expenses of $342K, and assets of $6.2M (revenue -105.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.0M, and assets of $6.6M (revenue +139.3% year-over-year).
- 2012: Revenue of $469K, expenses of $3.3M, and assets of $6.6M (revenue +1690.4% year-over-year).
- 2011: Revenue of $26K, expenses of $478K, and assets of $9.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oliver Charitable Corporation:
Data Sources and Methodology
This transparency report for Oliver Charitable Corporation 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.