OLIVER PATCH PROJECT INC
Mission Statement
The Oliver Patch Project (OPP) is a 501(c)(3) nonprofit corporation that empowers children and teens to find their inner warriors, as they endure life changing milestone events, by providing a bit of sunshine throughout their cancer journey. OPP’s mission is to create a free, fun, engaging platform where children, teens and their families can connect through a series of unique patches created by artists and designers just for them. The project is currently open to children and teens in the United States undergoing active treatment for cancer, is supported by donations, and all the fun is provided to our Warriors 100% free of charge. We believe in the power of positivity to promote healing and are serving families in all 50 states!
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
70.4% | 86.3% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
21.3% | 10.4% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
8.3% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
4.5 mo | 8.4 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 1.6% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 96.4% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
141.5% | 7.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
106.6% | 8.3% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
12.2% | 2.1% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| 17000 | 930 | $300.00 | 930 | Per Month |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $611K | $536K | $199K | 70.4% | 4 |
| 2023 | $253K | $260K | $124K | 74.1% | 2 |
| 2022 | $250K | $153K | $131K | 80.3% | 1 |
| 2021 | $157K | $44K | N/A | — | 1 |
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