World Olivet Assembly

Dover Plains, NY · EIN 46-1616553 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending January 31, 2024 (tax year 2023) · View the filing · Correct or respond

World Olivet Assembly reported $14.0 million in revenue and $12.3 million in expenses for the fiscal year ending January 31, 2024. Of every $100 it spent, $67.06 went to program services, $30.45 to management and general costs and $2.49 to fundraising. Its largest source of revenue was contributions and grants: 91.7% of the total. The highest compensation it reported for one person was $53,942 (Chairman). Revenue fell 21% between FY2020 and FY2024. Source: Form 990, FY2024.

Where $100 of spending went

The fiscal year ending January 31, 2024 · Form 990, Part IX, line 25 · total expenses $12M

Program services$67.06 $8.3M
Management & general$30.45 $3.8M
Fundraising$2.49 $307K

For context, the median across 290 covered religion-related charities: $88.39 programs, $9.62 management, $1.99 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending January 31, 2024 · Form 990, Part VIII · total revenue $14M

Contributions & grants (non-government)$91.66 $13M
Other revenue$8.34 $1.2M

The 990 scorecard · same measures for every charity, no grades

FY2024 filing. Median across 290 covered charities in this category, from their latest filings.
Measure	FY2024	Median
Program services Part IX 25(B) ÷ 25(A)	67.1%	86.0%
Management & general Part IX 25(C) ÷ 25(A)	30.5%	9.4%
Fundraising Part IX 25(D) ÷ 25(A)	2.5%	1.9%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.02	$0.04
Contributions & grants share of revenue Part VIII 1h ÷ 12	91.7%	83.4%
Government grants share of revenue Part VIII 1e ÷ 12	0.0%	0.0%
Program service revenue share Part VIII 2g ÷ 12	0.0%	2.3%
Highest reported compensation Part VII-A, columns D–F	$53,942	$276,040
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	0.44%	1.40%
People paid over $100,000 Part VII, line 2	Not reported	4
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	46.2	12.7
Independent voting board members Part VI 1a–1b	2 of 3	90.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2024 · Form 990, Part III · the three largest programs by expense

$5.5M expenses · 67.0% of program spending · grants $1.8M

Global Church Planting and Mission Support During the fiscal year, World Olivet Assembly expanded its support of churches, mission centers, and ministry organizations throughout Asia, Europe, Africa, the Caribbean, and South America. Financial assistance was provided to establish and strengthen local congregations, support evangelistic outreach, develop ministry leadership, and advance Christian mission activities in underserved regions.. Significant support was directed toward church development initiatives in Colombia, Zambia, France, Japan, and other international locations, contributing…

$1.7M expenses · 20.0% of program spending · grants $200K

International Ministry Partnerships and Community Development World Olivet Assembly provided grants and program support to affiliated organizations engaged in community outreach, humanitarian service, family ministries, youth programs, and Christian education. Through strategic partnerships with churches and ministry centers across multiple continents, the organization helped facilitate programs that addressed spiritual, educational, and social needs within local communities. These efforts strengthened organizational capacity among partner ministries and promoted long-term community…

$1.1M expenses · 13.0% of program spending · grants $482K

Leadership Development, Education, and Training Initiatives The organization continued to invest in leadership training, educational programs, and ministry development initiatives designed to equip current and future Christian leaders. Support was provided for theological education, vocational training, ministry conferences, and specialized educational programs through partner institutions and ministry organizations. These initiatives fostered spiritual growth, leadership excellence, and organizational effectiveness while helping expand the reach and impact of Christian ministry activities…

Highest reported compensation

FY2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
Chairman Officer, 040.00 hrs/week	$53,942	$0	$0	$53,942
Associate Pastor Officer, 040.00 hrs/week	$30,000	$0	$0	$30,000
President Officer, 010.00 hrs/week	$19,600	$0	$0	$19,600

5 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2024 ⓘ	$14M	$12M	67.1%	$47M	$53,942
FY2023 ⓘ	$17M	$15M	52.0%	$49M	$50,000
FY2022 ⓘ	$20M	$20M	77.3%	$47M	$59,500
FY2021 ⓘ	$20M	$14M	66.9%	$44M	$54,000
FY2020 ⓘ	$18M	$14M	59.1%	$39M	$54,000

Governance answers, as filed

FY2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b3 · 2 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aNo
Whistleblower policy Part VI 13No
Document retention policy Part VI 14No
Independent process for top executive pay Part VI 15aNo
Board given the 990 before filing Part VI 11aNo
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bYes
Employees Part I, line 526

Private foundation grants it received

1 private foundation reported grants to World Olivet Assembly totaling $44 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from World Olivet Assembly's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for World Olivet Assembly, you can publish a response that is linked from this page.

Report a correction Respond as World Olivet Assembly How this works

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Questions people ask

How much of World Olivet Assembly's spending goes to programs?

In the fiscal year ending January 31, 2024, World Olivet Assembly reported that 67.1% of its $12.3 million in expenses went to program services, 30.5% to management and general and 2.5% to fundraising (Form 990, Part IX).

How much does World Olivet Assembly pay its top executive?

The largest total compensation World Olivet Assembly reported for one person in the fiscal year ending January 31, 2024 was $53,942, for the role of Chairman (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does World Olivet Assembly get its money?

Of $14.0 million in revenue in the fiscal year ending January 31, 2024, 91.7% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is World Olivet Assembly a registered charity?

The IRS lists EIN 46-1616553 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

FY2024: Form 990 for the fiscal year ending January 31, 2024, object 202601669349300410 · read the filing · XML
FY2023: Form 990 for the fiscal year ending January 31, 2023, object 202323499349301362 · read the filing
FY2022: Form 990 for the fiscal year ending January 31, 2022, object 202233499349301243 · read the filing
FY2021: Form 990 for the fiscal year ending January 31, 2021, object 202103509349300915 · read the filing
FY2020: Form 990 for the fiscal year ending January 31, 2020, object 202013219349320051 · read the filing

All filings for EIN 46-1616553: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.