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Olivet Academy

EIN 81-0683419 · Amenia, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak47 out of 100GovernanceGood73 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO GLORIFY GOD BY GUIDING STUDENTS TO THE KNOWLEDGE OF THE GOSPEL OF JESUS CHRIST BY PRESENTING A CHRIST-CENTERED WORLDVIEW THROUGH BIBLICAL INTEGRATION. SEEKS TO PROMOTE SPIRITUAL GROWTH AND ENCOURAGE CLOSE RELATIONSHIP WITH JESUS.

Income
$3.5 million
Spending
$3.4 million
Spent on programs
73%
Reserves
-6.9 months of spending
Largest source of income
donations and private grants, 94%
Employees
56
Volunteers
20
Highest pay
$42,900, principal and director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 47 out of 100. Higher than 24% of charities in its peer group (education, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    5 of 20

    It owes 67% of what it owns.

  • Living within its means

    12 of 15

    Income exceeded spending by 2% of income.

  • Income trend

    15 of 15

    Income rose 33% on the year before.

  • Spending floor

    15 of 15

    73% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 73 out of 100. Higher than 29% of charities in its peer group (education, $1m to $10m).

  • Independent board

    18 of 25

    4 of 4 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $2.2 million spent. RELIGIOUS AND EDUCATIONAL LEARNING -OVER THE PAST YEAR NEW TEACHERS WERE HIRED AND NEW MIDDLE AND HIGH SCHOOL STUDENTS WERE ADDED. ADVANCED PLACEMENT COURSES CONTINUED TO BE OFFERED IN COLLABORATION WITH EDUCATIONAL PARTNERS.
  2. $199,722 spent. AFTER SCHOOL PROGRAM - OLIVET ACADEMY OFFERED AFTER SCHOOL PROGRAMS THREE TIMES A WEEK FROM 14:30-16:30. PROGRAMS INCLUDED CODING STEM KNITTING CHESS SOCCER BASKETBALL CROSS COUNTRY AND ART.
  3. $75,542 spent. SUMMER SCHOOL - THE SUMMER SCHOOL WAS HELD FOR FOUR WEEKS OVER THE SUMMER. THERE WERE SEVERAL FIELD TRIPS TO LOCAL MUSEUMS AND PARKS. THE SUMMER PROGRAM ALSO CONSISTED OF ACADEMIC ENRICHMENT IN ENGLISH MATH SOCIAL STUDIES AND SCIENCE. CODING WAS ALSO OFFERED TO STUDENTS WHO WERE INTERESTED.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on May 15, 2018 for not filing returns for three years, and reinstated on May 15, 2018.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2020.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.