Olivet University
Olivet University faces significant revenue decline and increasing liabilities over recent years.
EIN: 200909475 · Anza, CA · NTEE: B43 · Updated: 2026-03-28
Is Olivet University Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Olivet University directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Olivet University
Olivet University (EIN: 200909475) is a nonprofit organization based in Anza, CA, classified under NTEE code B43. The organization reported total revenue of $14.1M and total assets of $82.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Olivet University's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Olivet University is a large nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.6M |
| Total Expenses | $14.7M |
| Surplus / Deficit | $-118,531 |
| Total Assets | $85.0M |
| Total Liabilities | $23.9M |
| Net Assets | $61.1M |
| Operating Margin | -0.8% |
| Debt-to-Asset Ratio | 28.2% |
| Months of Reserves | 69.4 months |
Financial Health Grade: B
In 2023, Olivet University reported a deficit of $119K with expenses exceeding revenue, holds 69.4 months of operating reserves (strong position), has a debt-to-asset ratio of 28.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Olivet University's revenue has grown at a compound annual growth rate (CAGR) of 17.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.6% | -21.2% | +5.6% |
| 2022 | -31.9% | -23.7% | -1.0% |
| 2021 | -12.2% | -10.5% | -11.0% |
| 2020 | -4.4% | +4.6% | -4.8% |
| 2019 | -14.0% | -4.2% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Olivet University with a Mission Score of 55 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Olivet University allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% 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 $119K, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.2%.
Executive Compensation Analysis
Olivet University consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with assets exceeding $80 million. This could indicate that executive compensation is either very low, or that key leadership is compensated through mechanisms not categorized as 'officer compensation' on the IRS Form 990, such as through related organizations or as general staff salaries.
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 Olivet University's IRS 990 filings:
- Significant and consistent decline in revenue from $44.1M in 2017 to $14.5M in 2023.
- Increasing liabilities, reaching $23.9M in 2023, while revenue is decreasing.
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this scale and could mask compensation through other means or related entities.
Strengths
The following positive indicators were identified for Olivet University:
- Assets remain substantial at $85,017,014 in 2023, providing a significant financial base.
- Consistent reporting of 0% officer compensation, if accurate and comprehensive, indicates a commitment to minimizing top-level executive pay.
Frequently Asked Questions about Olivet University
Is Olivet University a legitimate charity?
Based on AI analysis of IRS 990 filings, Olivet University (EIN: 200909475) some concerns. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
How does Olivet University spend its money?
Olivet University directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Olivet University tax-deductible?
Olivet University is registered as a tax-exempt nonprofit (EIN: 200909475). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Olivet University a good charity?
Assessing 'good' is complex. Financially, the university shows a concerning trend of declining revenue from $44.1M in 2017 to $14.5M in 2023, alongside increasing liabilities. While officer compensation is reported as 0%, which is positive for resource allocation, the overall financial trajectory warrants caution.
Why is Olivet University's revenue declining so sharply?
The provided data shows a significant drop in revenue from $44,163,900 in 2017 to $14,579,769 in 2023. Without further information from the 990s (e.g., changes in tuition, grants, or donations), the exact reasons for this decline cannot be determined, but it's a major financial trend.
How does Olivet University manage its liabilities?
Liabilities have generally increased over time, reaching $23,934,603 in 2023. This growth in liabilities, especially in conjunction with declining revenue, suggests a potential reliance on debt or other financial obligations that could impact long-term stability.
Filing History
IRS 990 filing history for Olivet University showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Olivet University's revenue has grown by 600.8%, moving from $2.1M to $14.6M. Total assets increased by 9974.7% over the same period, from $844K to $85.0M. Total functional expenses rose by 609.6%, from $2.1M to $14.7M. In its most recent filing year (2023), Olivet University reported a deficit of $119K, with expenses exceeding revenue. The organization holds $23.9M in liabilities against $85.0M in assets (debt-to-asset ratio: 28.2%), resulting in net assets of $61.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.6M | $14.7M | $85.0M | $23.9M | — | — |
| 2022 | $17.5M | $18.6M | $80.5M | $20.3M | — | View 990 |
| 2021 | $25.7M | $24.4M | $81.4M | $21.9M | — | — |
| 2020 | $29.2M | $27.3M | $91.4M | $35.4M | — | View 990 |
| 2019 | $30.6M | $26.1M | $96.0M | $42.6M | — | View 990 |
| 2018 | $35.5M | $27.3M | $96.5M | $44.0M | — | View 990 |
| 2017 | $44.2M | $31.9M | $88.8M | $44.6M | — | View 990 |
| 2016 | $28.2M | $19.7M | $44.7M | $12.8M | — | View 990 |
| 2015 | $19.5M | $11.0M | $34.8M | $11.4M | — | View 990 |
| 2014 | $18.0M | $9.6M | $23.4M | $8.5M | — | View 990 |
| 2013 | $11.7M | $5.5M | $8.6M | $1.7M | — | View 990 |
| 2012 | $12.3M | $9.9M | $9.4M | $1.2M | — | View 990 |
| 2011 | $2.1M | $2.1M | $844K | $333K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.6M, expenses of $14.7M, and assets of $85.0M (revenue -16.6% year-over-year).
- 2022: Revenue of $17.5M, expenses of $18.6M, and assets of $80.5M (revenue -31.9% year-over-year).
- 2021: Revenue of $25.7M, expenses of $24.4M, and assets of $81.4M (revenue -12.2% year-over-year).
- 2020: Revenue of $29.2M, expenses of $27.3M, and assets of $91.4M (revenue -4.4% year-over-year).
- 2019: Revenue of $30.6M, expenses of $26.1M, and assets of $96.0M (revenue -14.0% year-over-year).
- 2018: Revenue of $35.5M, expenses of $27.3M, and assets of $96.5M (revenue -19.5% year-over-year).
- 2017: Revenue of $44.2M, expenses of $31.9M, and assets of $88.8M (revenue +56.7% year-over-year).
- 2016: Revenue of $28.2M, expenses of $19.7M, and assets of $44.7M (revenue +44.4% year-over-year).
- 2015: Revenue of $19.5M, expenses of $11.0M, and assets of $34.8M (revenue +8.2% year-over-year).
- 2014: Revenue of $18.0M, expenses of $9.6M, and assets of $23.4M (revenue +53.7% year-over-year).
- 2013: Revenue of $11.7M, expenses of $5.5M, and assets of $8.6M (revenue -4.5% year-over-year).
- 2012: Revenue of $12.3M, expenses of $9.9M, and assets of $9.4M (revenue +490.9% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.1M, and assets of $844K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Olivet University:
Data Sources and Methodology
This transparency report for Olivet University 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.