The Oliver Scholars Program Inc
Oliver Scholars Program consistently operates at a deficit, relying on substantial assets while reporting no officer compensation.
EIN: 133248876 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.3M |
| Total Expenses | $4.8M |
| Program Spending | 70% |
| Net Assets | $21.5M |
| Transparency Score | 65/100 |
Is The Oliver Scholars Program Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Oliver Scholars Program Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Oliver Scholars Program Inc
The Oliver Scholars Program Inc (EIN: 133248876) is a nonprofit organization based in New York, NY. The organization reported total revenue of $10.3M and total assets of $25.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Oliver Scholars Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Oliver Scholars Program Inc is a large nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $4.8M |
| Surplus / Deficit | $-2,345,409 |
| Total Assets | $26.9M |
| Total Liabilities | $5.4M |
| Net Assets | $21.5M |
| Operating Margin | -94.0% |
| Debt-to-Asset Ratio | 20.1% |
| Months of Reserves | 66.6 months |
Financial Health Grade: B
In 2023, The Oliver Scholars Program Inc reported a deficit of $2.3M with expenses exceeding revenue, holds 66.6 months of operating reserves (strong position), has a debt-to-asset ratio of 20.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Oliver Scholars Program Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.7% | +10.4% | +21.4% |
| 2022 | -33.6% | +13.4% | -22.4% |
| 2021 | +68.1% | -1.9% | -0.7% |
| 2020 | -6.4% | +0.2% | -1.7% |
| 2019 | -3.1% | -3.5% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 The Oliver Scholars Program Inc with a Mission Score of 65 out of 100 (Good). 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, The Oliver Scholars Program Inc 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 $2.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive sign for donors.
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 The Oliver Scholars Program Inc's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in most recent years (e.g., $4.8M expenses vs. $2.5M revenue in 2023).
- Significant increase in liabilities from $438,041 in 2022 to $5,406,901 in 2023, which warrants further scrutiny.
- Reliance on substantial assets to cover ongoing operational shortfalls, which is not a sustainable long-term strategy.
Strengths
The following positive indicators were identified for The Oliver Scholars Program Inc:
- Strong asset base ($26,867,473 in 2023) provides a financial buffer.
- Consistent reporting of 0% officer compensation, indicating a commitment to mission over executive pay.
- History of significant revenue generation in certain periods (e.g., $30.9M in 2016), demonstrating fundraising capacity.
Frequently Asked Questions about The Oliver Scholars Program Inc
Is The Oliver Scholars Program Inc a legitimate charity?
The Oliver Scholars Program Inc (EIN: 133248876) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $10.3M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Oliver Scholars Program Inc spend its money?
The Oliver Scholars Program Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to The Oliver Scholars Program Inc tax-deductible?
The Oliver Scholars Program Inc is registered as a tax-exempt nonprofit (EIN: 133248876). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Oliver Scholars Program Inc's spending goes to programs?
The Oliver Scholars Program Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is The Oliver Scholars Program Inc located?
The Oliver Scholars Program Inc is headquartered in New York, New York and files with the IRS under EIN 133248876.
How many years of IRS 990 filings does The Oliver Scholars Program Inc have?
The Oliver Scholars Program Inc 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 $10.3M in total revenue.
Why has The Oliver Scholars Program Inc consistently operated at a deficit since 2017, with expenses exceeding revenue?
Since 2017, the organization's expenses have consistently outpaced its revenue, for example, $4,839,616 in expenses versus $2,494,207 in revenue in 2023. This trend suggests that operational costs are not being fully covered by annual income, potentially drawing from reserves or other non-operating income.
What caused the significant increase in liabilities from $438,041 in 2022 to $5,406,901 in 2023?
The dramatic increase in liabilities in 2023 is a critical financial event that requires further investigation. Without more detailed financial statements, the specific reasons (e.g., new debt, deferred revenue, or other obligations) are unclear but could significantly impact the organization's financial flexibility.
How does the organization plan to address its ongoing operational deficits to ensure long-term sustainability?
Given the consistent pattern of expenses exceeding revenue, the organization needs a clear strategy to achieve financial sustainability. This could involve increasing fundraising efforts, securing larger grants, or re-evaluating operational costs to align with available resources.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of how expenses are allocated across programs, administration, and fundraising. This information is crucial for assessing spending efficiency and the proportion of funds directly supporting the mission.
Filing History
IRS 990 filing history for The Oliver Scholars Program Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Oliver Scholars Program Inc's revenue has grown by 98.8%, moving from $1.3M to $2.5M. Total assets increased by 467.3% over the same period, from $4.7M to $26.9M. Total functional expenses rose by 191.9%, from $1.7M to $4.8M. In its most recent filing year (2023), The Oliver Scholars Program Inc reported a deficit of $2.3M, with expenses exceeding revenue. The organization holds $5.4M in liabilities against $26.9M in assets (debt-to-asset ratio: 20.1%), resulting in net assets of $21.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $4.8M | $26.9M | $5.4M | — | — |
| 2022 | $1.8M | $4.4M | $22.1M | $438K | — | — |
| 2021 | $2.7M | $3.9M | $28.5M | $264K | — | View 990 |
| 2020 | $1.6M | $3.9M | $28.7M | $381K | — | View 990 |
| 2019 | $1.7M | $3.9M | $29.2M | $455K | — | View 990 |
| 2018 | $1.7M | $4.1M | $27.6M | $215K | — | View 990 |
| 2017 | $3.8M | $4.0M | $32.2M | $81K | — | View 990 |
| 2016 | $31.0M | $2.6M | $32.2M | $69K | — | View 990 |
| 2015 | $1.2M | $1.9M | $3.6M | $47K | — | View 990 |
| 2014 | $1.4M | $1.8M | $4.2M | $43K | — | View 990 |
| 2013 | $993K | $1.9M | $4.1M | $40K | — | View 990 |
| 2012 | $2.0M | $1.8M | $4.8M | $80K | — | View 990 |
| 2011 | $1.3M | $1.7M | $4.7M | $108K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $4.8M, and assets of $26.9M (revenue +41.7% year-over-year).
- 2022: Revenue of $1.8M, expenses of $4.4M, and assets of $22.1M (revenue -33.6% year-over-year).
- 2021: Revenue of $2.7M, expenses of $3.9M, and assets of $28.5M (revenue +68.1% year-over-year).
- 2020: Revenue of $1.6M, expenses of $3.9M, and assets of $28.7M (revenue -6.4% year-over-year).
- 2019: Revenue of $1.7M, expenses of $3.9M, and assets of $29.2M (revenue -3.1% year-over-year).
- 2018: Revenue of $1.7M, expenses of $4.1M, and assets of $27.6M (revenue -54.2% year-over-year).
- 2017: Revenue of $3.8M, expenses of $4.0M, and assets of $32.2M (revenue -87.7% year-over-year).
- 2016: Revenue of $31.0M, expenses of $2.6M, and assets of $32.2M (revenue +2537.8% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.9M, and assets of $3.6M (revenue -15.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.8M, and assets of $4.2M (revenue +40.4% year-over-year).
- 2013: Revenue of $993K, expenses of $1.9M, and assets of $4.1M (revenue -49.4% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.8M, and assets of $4.8M (revenue +56.5% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.7M, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Oliver Scholars Program Inc:
Data Sources and Methodology
This transparency report for The Oliver Scholars Program 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.