Olmsted Network Inc
Olmsted Network Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 133052765 · Washington, DC · NTEE: N32Z · Updated: 2026-03-28
Is Olmsted Network Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Olmsted Network Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Olmsted Network Inc
Olmsted Network Inc (EIN: 133052765) is a nonprofit organization based in Washington, DC, classified under NTEE code N32Z. The organization reported total revenue of $798K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Olmsted Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Olmsted Network Inc is a small nonprofit that has been operating for 45 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $663K |
| Total Expenses | $575K |
| Surplus / Deficit | +$88K |
| Total Assets | $1.3M |
| Total Liabilities | $17K |
| Net Assets | $1.3M |
| Operating Margin | 13.2% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 28.1 months |
Financial Health Grade: A
In 2023, Olmsted Network Inc reported a surplus of $88K with revenue exceeding expenses, holds 28.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Olmsted Network Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.9% | -23.4% | +0.4% |
| 2022 | +43.4% | +138.9% | -6.0% |
| 2021 | -61.2% | -32.9% | +11.3% |
| 2021 | +64.6% | +42.6% | +98.4% |
| 2020 | +105.2% | +23.9% | +113.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Olmsted Network Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Olmsted Network Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $88K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through mechanisms not categorized as officer compensation, which is highly favorable for an organization of its size with latest revenue of $798,107.
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 Olmsted Network Inc's IRS 990 filings:
- No specific red flags identified based on the provided financial data.
Strengths
The following positive indicators were identified for Olmsted Network Inc:
- Consistent revenue growth, from $261,709 in 201506 to $798,107 latest.
- Strong asset accumulation, reaching $1,564,069 in the latest period.
- 0% reported officer compensation across all filings, indicating high transparency.
- Healthy financial reserves with assets significantly exceeding liabilities (e.g., $1,347,532 assets vs $17,444 liabilities in 202312).
- Expenses generally below revenue, indicating efficient financial management (e.g., $663,017 revenue vs $575,497 expenses in 202312).
Frequently Asked Questions about Olmsted Network Inc
Is Olmsted Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Olmsted Network Inc (EIN: 133052765) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Olmsted Network Inc spend its money?
Olmsted Network Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Olmsted Network Inc tax-deductible?
Olmsted Network Inc is registered as a tax-exempt nonprofit (EIN: 133052765). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Olmsted Network Inc a good charity?
Based on the provided financial data, Olmsted Network Inc appears to be a well-managed charity. It demonstrates consistent revenue growth, healthy asset accumulation, and a strong commitment to transparency regarding executive compensation (0% reported). Its spending efficiency, with expenses generally below revenue, also suggests effective use of funds.
How has Olmsted Network Inc's revenue trended over time?
Olmsted Network Inc has shown a strong upward trend in revenue. From $261,709 in 201506, revenue has grown significantly to $798,107 in the latest period, with notable peaks like $1,104,593 in 202106.
What is the organization's asset-to-liability ratio?
In the most recent period (202312), Olmsted Network Inc had assets of $1,347,532 and liabilities of $17,444, resulting in a very strong asset-to-liability ratio of approximately 77:1. This indicates excellent financial stability.
Filing History
IRS 990 filing history for Olmsted Network Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Olmsted Network Inc's revenue has grown by 67.6%, moving from $396K to $663K. Total assets increased by 333.3% over the same period, from $311K to $1.3M. Total functional expenses rose by 19.8%, from $480K to $575K. In its most recent filing year (2023), Olmsted Network Inc reported a surplus of $88K, with revenue exceeding expenses. The organization holds $17K in liabilities against $1.3M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $663K | $575K | $1.3M | $17K | — | — |
| 2022 | $614K | $752K | $1.3M | $93K | — | View 990 |
| 2021 | $429K | $315K | $1.4M | $42K | — | View 990 |
| 2021 | $1.1M | $469K | $1.3M | $10K | — | View 990 |
| 2020 | $671K | $329K | $646K | $10K | — | View 990 |
| 2019 | $327K | $266K | $303K | $9K | — | View 990 |
| 2018 | $291K | $259K | $242K | $8K | — | — |
| 2017 | $383K | $352K | $214K | $13K | — | View 990 |
| 2016 | $306K | $260K | $169K | $77 | — | View 990 |
| 2015 | $262K | $380K | $136K | $13K | — | View 990 |
| 2014 | $713K | $662K | $247K | $5K | — | View 990 |
| 2013 | $529K | $661K | $199K | $7K | — | View 990 |
| 2012 | $512K | $486K | $358K | $35K | — | View 990 |
| 2011 | $396K | $480K | $311K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $663K, expenses of $575K, and assets of $1.3M (revenue +7.9% year-over-year).
- 2022: Revenue of $614K, expenses of $752K, and assets of $1.3M (revenue +43.4% year-over-year).
- 2021: Revenue of $429K, expenses of $315K, and assets of $1.4M (revenue -61.2% year-over-year).
- 2021: Revenue of $1.1M, expenses of $469K, and assets of $1.3M (revenue +64.6% year-over-year).
- 2020: Revenue of $671K, expenses of $329K, and assets of $646K (revenue +105.2% year-over-year).
- 2019: Revenue of $327K, expenses of $266K, and assets of $303K (revenue +12.2% year-over-year).
- 2018: Revenue of $291K, expenses of $259K, and assets of $242K (revenue -23.8% year-over-year).
- 2017: Revenue of $383K, expenses of $352K, and assets of $214K (revenue +25.2% year-over-year).
- 2016: Revenue of $306K, expenses of $260K, and assets of $169K (revenue +16.7% year-over-year).
- 2015: Revenue of $262K, expenses of $380K, and assets of $136K (revenue -63.3% year-over-year).
- 2014: Revenue of $713K, expenses of $662K, and assets of $247K (revenue +34.7% year-over-year).
- 2013: Revenue of $529K, expenses of $661K, and assets of $199K (revenue +3.2% year-over-year).
- 2012: Revenue of $512K, expenses of $486K, and assets of $358K (revenue +29.5% year-over-year).
- 2011: Revenue of $396K, expenses of $480K, and assets of $311K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Olmsted Network Inc:
Data Sources and Methodology
This transparency report for Olmsted Network 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.