World Olivet Assembly

EIN: 461616553 501(c)(3) Religion

Dover Plains, NY

Total Revenue
$14,012,190
Total Expenses
$12,324,373
Total Assets
$89,795,059
Net Assets
$47,479,541
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NY
Principal Officer
Marian Spisak
Tax Period
2023-02-01 to 2024-01-31

World Olivet Assembly, founded in 2012, is a mid-sized nonprofit in the Religion sector that reported $14.0M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $12.3M left a modest 12% surplus.

Mission

World Olivet Assemblys mission is to proclaim Gods Word, to help others come to faith in Jesus Christ, and to seek fulfillment of the Great Commission that the Lord has entrusted to all believers.

Program Service Accomplishments

Program 1
Expenses: $5,537,257

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...

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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 to the growth and sustainability of Christian communities worldwide.

Program 2
Expenses: $1,652,913

International Ministry Partnerships and Community Development World Olivet Assembly provided grants and program support to affiliated organizations engaged in community outreach, humanitarian...

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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 development consistent with the organizations religious and charitable mission.

Program 3
Expenses: $1,074,393

Leadership Development, Education, and Training Initiatives The organization continued to invest in leadership training, educational programs, and ministry development initiatives designed to equip...

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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 around the world.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,843,243
Program Service Revenue $0
Investment Income $0
Other Revenue $1,168,947
TOTAL REVENUE $14,012,190

Expense Breakdown

Grants Paid $2,513,715
Salaries & Benefits $864,701
Fundraising Expenses $307,011
Program Expenses $8,264,563
Other Expenses $8,945,957
TOTAL EXPENSES $12,324,373

Year-over-Year Comparison

2023 2022 Change
Revenue $14,012,190 $15,930,273 -0.1%
Expenses $12,324,373 $18,061,415 -0.3%
Net Income $1,687,817 $-2,131,142 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
2
Employees
26
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$103,542
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marian Spisak Chairman 040.00
Officer
$53,942 $0 $53,942
Chunmei Fu Associate Pastor 040.00
Officer
$30,000 $0 $30,000
David Chang President 010.00
Officer
$19,600 $0 $19,600
Alma Osorio Trustee 001.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $14,012,190 $12,324,373 $89,795,059 $1,687,817
2023 $17,208,664 $14,511,839 $91,611,996 $2,696,825
2022 $20,041,957 $19,890,260 $85,253,007 $151,697
2021 $19,940,573 $14,398,475 $79,385,936 $5,542,098
2020 $17,699,333 $13,591,850 $64,566,989 $4,107,483
2019 $16,262,364 $11,180,459 $51,135,067 $5,081,905
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